Interface Inc reports results for the quarter ended in December - Earnings Summary

Interface

27/02/2024 14:31

* Interface Inc  TILE.OQ  reported quarterly adjusted
earnings of
41 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 31 cents.  The mean expectation of three analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 22 cents to 24 cents per share.
    * Revenue fell 3.1% to $325.12 million from a year ago;
analysts
expected $321.80 million. 
    * Interface Inc's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of $19.56
million.
    * Interface Inc shares had risen by 5.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.7%
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," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Interface
Inc is
$17.00 

This summary was machine generated from LSEG data February 27 at
02:30 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
 Dec. 31 2023      0.23           0.41           Beat
 Sep. 30 2023      0.26           0.28           Beat
 Jun. 30 2023      0.19           0.25           Beat
 Mar. 31 2023      0.11           0.07           Missed