MillerKnoll Inc expected to post earnings of 42  cents a share - Earnings Preview

MillerKnoll

20/03/2023 20:50

* MillerKnoll Inc  MLKN.OQ   MLKN.O  is expected to show a
fall in
quarterly revenue when it reports  results on March 22. 
    * The Zeeland Michigan-based  company is expected to report 
a
3.0% decrease in revenue to $998.98 million from $1.03 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on December 21 2022,
for the period ended February 28, was for revenue between
$980.00 million and $1.02 billion.
    * ​Refinitiv's mean analyst estimate for MillerKnoll Inc is
for
earnings of 42 cents per share. The company's EPS guidance on
December 21 2022, for the period ended February 28, was between
$0.40 and $0.46 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for MillerKnoll
Inc
is $25​, above​ its last closing price of $20.81. ​​​

The company's guidance on December 21 2022 for the period ended
February 28 was for gross profit margin between USD35.2% and
USD36.2%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Nov. 30 2022  0.42        0.42       0.46      Beat    10
 Aug. 31 2022  0.33        0.33       0.44      Beat    34.1
 May. 31 2022  0.47        0.47       0.58      Beat    23.4​
 Feb. 28 2022  0.27        0.27       0.28      Beat    5.3
 ​​Nov.        0.57        0.57       0.51      Missed  -10.9
 30 2021                                                
 Aug. 31 2021  0.49        0.50       0.49      Missed  -1​
 May. 31 2021  0.39        0.39       0.56      Beat    43.6
 Feb. 28 2021  0.57        0.58       0.65      Beat    12.7
 This summary was machine generated March 20 at 20:50 GMT.  All
figures in US dollars  unless otherwise stated