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

Interface

02/08/2024 14:52

* Interface Inc  TILE.OQ  reported quarterly adjusted
earnings of
40 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of three analysts for the quarter
was for earnings of 28 cents per share. Wall Street expected
results to range from 27 cents to 30 cents per share.
    * Revenue rose 5.2% to $346.64 million from a year ago;
analysts
expected $340.28 million. 
    * Interface Inc's reported EPS for the quarter was 38
cents​.
    * The company reported quarterly net income of $22.6
million.
    * Interface Inc shares had risen by 12.7% this quarter and
gained 31.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.9%
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
$22.00 
This summary was machine generated from LSEG data August 2 at
01:52 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      0.28           0.40           Beat
 Mar. 31 2024      0.12           0.24           Beat
 Dec. 31 2023      0.23           0.41           Beat
 Sep. 30 2023      0.26           0.28           Beat