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

Interface

03/05/2024 14:52

* Interface Inc  TILE.OQ  reported quarterly adjusted
earnings of
24 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 7
cents.  The mean expectation of four analysts for the quarter
was for earnings of 12 cents per share. Wall Street expected
results to range from 10 cents to 14 cents per share.
    * Revenue fell 2% to $289.74 million from a year ago;
analysts
expected $285.02 million. 
    * Interface Inc's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $14.18
million.
    * Interface Inc shares had fallen by 5.7% this quarter and
gained 25.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 53.1%
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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is also "buy"

Wall Street's median 12-month price target for Interface Inc is
$18.50 
This summary was machine generated from LSEG data May 3 at 01:51
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
 Mar. 31 2024      0.12           0.24           Beat
 Dec. 31 2023      0.23           0.41           Beat
 Sep. 30 2023      0.26           0.28           Beat
 Jun. 30 2023      0.19           0.25           Beat