Interface Inc reports results for the quarter ended in January 1 - Earnings Summary

Interface

01/11/2024 14:24

* Interface Inc  TILE.OQ  reported quarterly adjusted
earnings of
48 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of 28 cents.  The mean expectation of three analysts for the
quarter was for earnings of 34 cents per share. Wall Street
expected results to range from 33 cents to 36 cents per share.
    * Revenue rose 10.7% to $344.27 million from a year ago;
analysts
expected $336.42 million. 
    * Interface Inc's reported EPS for the quarter was 48
cents​.
    * The company reported quarterly net income of $28.44
million.
    * Interface Inc shares had fallen by 7.9% this quarter and
gained 38.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.1%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is  "buy."

Wall Street's median 12-month price target for Interface Inc is
25.00 
This summary was machine generated from LSEG data November 1 at
02:23 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
 Jan. 1 0001       0.34           0.48           Beat
 Jun. 30 2024      0.28           0.40           Beat
 Mar. 31 2024      0.12           0.24           Beat
 Dec. 31 2023      0.23           0.41           Beat