Interface Inc expected to post earnings of 28 cents a share - Earnings Preview

Interface

31/07/2024 15:57

* Interface Inc  TILE.OQ   TILE.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 2 for the
period ending June 30 2024
    * The Atlanta Georgia-based  company is expected to report a
3.2% increase in revenue to $340.276 million from $329.58
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on May 3
2024, for the period ended June 30, was for revenue between
$335.00 million and $345.00 million. (Sales/Revenue Majority
Basis is on Net Sales)
    * ​LSEG's mean analyst estimate for Interface Inc is for
earnings
of 28 cents per share. 
    * 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."  
    * 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
$22.00​, above​ its last closing price of $17.25. ​​​

The company's guidance on May 3 2024 for the period ended June
30 was for gross profit margin of USD34.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.13        0.12       0.24      Beat    95.9
 Dec. 31 2024  0.23        0.23       0.41      Beat    78.3
 Sep. 30 2023  0.26        0.26       0.28      Beat    7.7​
 Jun. 30 2023  0.19        0.19       0.25      Beat    35.1
 ​​Mar.        0.11        0.11       0.07      Missed  -36.4
 31 2023                                                
 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
 This summary was machine generated July 31 at 14:57 GMT.  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)