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

HNI

24/10/2022 14:31

* HNI Corp  HNI.N  reported quarterly adjusted earnings of
71
cents​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for earnings of
65 cents per share.
    * Revenue rose 2.1% to $598.80 million from a year ago;
analysts
expected $642.29 million. 
    * HNI Corp's reported EPS for the quarter was $1.51​.
    * The mean earnings estimate of analysts had fallen by
about 34.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * HNI Corp shares had risen by 5.9% this quarter and
lost 33.2% so
far this year.
    * The company reported quarterly net income of $63.1
million.
    * Wall Street's median 12-month price target for HNI Corp is
$40.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
24 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.65           0.71           Beat
 Jun. 30 2022      0.34           0.52           Beat
 Mar. 31 2022      0.23           0.33           Beat
 Dec. 31 2021      0.41           0.43           Beat