HNI Corp reports results for the quarter ended in September 30 - Earnings Summary

HNI

29/10/2024 14:21

* HNI Corp  HNI.N  reported quarterly adjusted earnings of
$1.03​​
per share for the quarter ended September 30, higher than the
same quarter last year, when the company reported EPS of 93
cents.  The mean expectation of four analysts for the quarter
was for earnings of 98 cents per share. Wall Street expected
results to range from 95 cents to $1.00 per share.
    * Revenue fell 5.5% to $672.20 million from a year ago;
analysts
expected $712.63 million. 
    * HNI Corp's reported EPS for the quarter was 98 cents​.
    * The company reported quarterly net income of $47.5
million.
    * HNI Corp shares had fallen by 3.7% this quarter and
gained 23.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
supplies peer group is also "buy"

Wall Street's median 12-month price target for HNI Corp is
$63.00 
This summary was machine generated from LSEG data October 29 at
02:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.98           1.03           Beat
 Jun. 30 2024      0.61           0.79           Beat
 Mar. 31 2024      0.18           0.37           Beat
 Dec. 31 2023      0.83           0.98           Beat