Interface Inc expected to post earnings of 19  cents a share - Earnings Preview

Interface

02/08/2023 19:31

* Interface Inc  TILE.OQ   TILE.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 4. 
    * The Atlanta Georgia-based  company is expected to report 
a
3.6% decrease in revenue to $334 million from $346.61 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. The company's guidance on May 5 2023, for the
period ended June 30, was for revenue between $325.00 million
and $345.00 million.
    * ​Refinitiv's mean analyst estimate for Interface Inc is
for
earnings of 19 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Interface
Inc is
$17​, above​ its last closing price of $9.87. ​​​

The company's guidance on May 5 2023 for the period ended June
30 was for gross profit margin of USD33%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.11        0.11       0.07      Missed  -36.4
 Dec. 31 2023  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.        0.16        0.16       0.28      Beat    77.8
 31 2022                                                
 Dec. 31 2021  0.31        0.32       0.47      Beat    49.2​
 Sep. 30 2021  0.28        0.28       0.29      Beat    5.5
 Jun. 30 2021  0.27        0.27       0.30      Beat    12.2
 This summary was machine generated August 2 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated