HNI Corp reports results for the quarter ended in March - Earnings Summary

HNI

08/05/2023 14:32

* HNI Corp  HNI.N  reported quarterly adjusted earnings of
13
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss of 3
cents per share.
    * Revenue fell 16.3% to $479.10 million from a year ago;
analysts
expected $462.26 million. 
    * HNI Corp's reported EPS for the quarter was 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 119.1% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * HNI Corp shares had fallen by 9.4% this quarter and
lost 11.3%
so far this year.
    * Wall Street's median 12-month price target for HNI Corp is
$36.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
8 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.03          0.13           Beat
 Dec. 31 2022      0.48           0.63           Beat
 Sep. 30 2022      0.65           0.71           Beat
 Jun. 30 2022      0.34           0.52           Beat