MillerKnoll Inc expected to post earnings of 54 cents a share - Earnings Preview

MillerKnoll

24/06/2024 21:12

* MillerKnoll Inc  MLKN.OQ   MLKN.O  is expected to show a
fall in
quarterly revenue when it reports  results on June 26 for the
period ending May 31 2024
    * The Zeeland Michigan-based  company is expected to report
a
6.1% decrease in revenue to $898.675 million from $956.7 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on March 27 2024, for
the period ended May 31, was for revenue between $880.00 million
and $920.00 million.
    * ​LSEG's mean analyst estimate for MillerKnoll Inc is for
earnings of 54 cents per share. The company's EPS guidance on
March 27 2024, for the period ended May 31, was between $0.49
and $0.57 
    * 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 $35.00​, above​ its last closing price of $25.60. ​​​

The company's guidance on March 27 2024 for the period ended May
31 was for gross profit margin between USD38.1% and USD39.1%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Feb. 29 2024  0.45        0.44       0.45      Beat    2.9
 Nov. 30 2024  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.        0.42        0.42       0.54      Beat    28
 28 2023                                                
 Jan. 1 0001   0.42        0.42       0.46      Beat    10​
 Aug. 31 2022  0.33        0.33       0.44      Beat    34.1
 Jan. 1 0001   0.47        0.47       0.58      Beat    23.4
 This summary was machine generated June 24 at 20:12 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)