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

Interface

03/11/2023 13:31

* Interface Inc  TILE.OQ  reported quarterly adjusted
earnings of
28 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 30 cents.  The mean expectation of three analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 25 cents to 26 cents per share.
    * Revenue fell 5.1% to $311.01 million from a year ago;
analysts
expected $324.75 million. 
    * Interface Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $9.88
million.
    * Interface Inc shares had fallen by 4.0% this quarter and
lost 4.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.1%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is  "hold."

Wall Street's median 12-month price target for Interface Inc is
$17.00 
This summary was machine generated from LSEG data November 3 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.26           0.28           Beat
 Jun. 30 2023      0.19           0.25           Beat
 Mar. 31 2023      0.11           0.07           Missed
 Dec. 31 2022      0.27           0.31           Beat