MillerKnoll Inc expected to post earnings of 44 cents a share - Earnings Preview

MillerKnoll

25/03/2024 20:05

* MillerKnoll Inc  MLKN.OQ   MLKN.O  is expected to show a
fall in
quarterly revenue when it reports  results on March 27 for the
period ending February 29 2024
    * The Zeeland Michigan-based  company is expected to report
a
7.6% decrease in revenue to $909.5 million from $984.7 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on December 20 2023, for the
period ended February 29, was for revenue between $890.00
million and $930.00 million.
    * ​LSEG's mean analyst estimate for MillerKnoll Inc is for
earnings of 44 cents per share. The company's EPS guidance on
December 20 2023, for the period ended February 29, was between
$0.40 and $0.48 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"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 $30.00​, above​ its last closing price of $29.58. ​​​

The company's guidance on December 20 2023 for the period ended
February 29 was for gross profit margin between USD37.8% and
USD38.8%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  0.54        0.54       0.59      Beat    8.8
 Aug. 31 2023  0.21        0.21       0.37      Beat    76.2
 May. 31 2023  0.39        0.39       0.41      Beat    6.2​
 Feb. 28 2023  0.42        0.42       0.54      Beat    28
 ​​Nov.        0.42        0.42       0.46      Beat    10
 30 2022                                                
 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
 This summary was machine generated March 25 at 20:05 GMT.  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)