Interface Inc expected to post earnings of 11  cents a share - Earnings Preview

Interface

03/05/2023 16:40

* Interface Inc  TILE.OQ   TILE.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 5. 
    * The Atlanta Georgia-based  company is expected to report 
a
3.2% increase in revenue to $297.35 million from $288 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on February 28 2023,
for the period ended March 31, was for revenue between $290.00
million and $305.00 million.
    * ​Refinitiv's mean analyst estimate for Interface Inc is
for
earnings of 11 cents per share. 
    * 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."  
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Interface
Inc is
$18​, above​ its last closing price of $7.65. ​​​

The company's guidance on February 28 2023 for the period ended
March 31 was for gross profit margin of USD34%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.27        0.27       0.31      Beat    13.4
 Sep. 30 2022  0.25        0.25       0.30      Beat    20
 Jun. 30 2022  0.32        0.32       0.36      Beat    13.4​
 Mar. 31 2022  0.16        0.16       0.28      Beat    77.8
 ​​Dec.        0.31        0.32       0.47      Beat    49.2
 31 2021                                                
 Sep. 30 2021  0.28        0.28       0.29      Beat    5.5​
 Jun. 30 2021  0.27        0.27       0.30      Beat    12.2
 Mar. 31 2021  0.04        0.04       0.17      Beat    300
 This summary was machine generated May 3 at 15:40 GMT.  All
figures in US dollars  unless otherwise stated