MillerKnoll Inc reports results for the quarter ended in February - Earnings Summary

MillerKnoll

27/03/2024 21:40

* MillerKnoll Inc  MLKN.OQ  reported quarterly adjusted
earnings
of 45 cents​​ per share for the quarter ended in February, lower
than the same quarter last year, when the company reported EPS
of 54 cents.  The mean expectation of four analysts for the
quarter was for earnings of 44 cents per share. Wall Street
expected results to range from 41 cents to 47 cents per share.
    * Revenue fell 11.4% to $872.30 million from a year ago;
analysts
expected $909.50 million. 
    * MillerKnoll Inc's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of $22.2
million.
    * MillerKnoll Inc shares had risen by 12.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
supplies peer group is also "hold"

Wall Street's median 12-month price target for MillerKnoll Inc
is $33.50 
This summary was machine generated from LSEG data March 27 at
09:40 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
 Feb. 29 2024      0.44           0.45           Beat
 Nov. 30 2023      0.54           0.59           Beat
 Aug. 31 2023      0.21           0.37           Beat
 May. 31 2023      0.39           0.41           Beat