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

MillerKnoll

26/06/2024 22:21

* MillerKnoll Inc  MLKN.OQ  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in May, higher
than the same quarter last year, when the company reported EPS
of 41 cents.  The mean expectation of four analysts for the
quarter was for earnings of 54 cents per share. Wall Street
expected results to range from 52 cents to 55 cents per share.
    * Revenue fell 7.1% to $888.90 million from a year ago;
analysts
expected $898.68 million. 
    * MillerKnoll Inc's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of $9.9 million.
    * MillerKnoll Inc shares had risen by 3.6% this quarter and
lost 3.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.3%
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 $35.00 
This summary was machine generated from LSEG data June 26 at
09:21 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
 May. 31 2024      0.44           0.67           Beat
 Feb. 29 2024      0.44           0.45           Beat
 Nov. 30 2023      0.54           0.59           Beat
 Aug. 31 2023      0.21           0.37           Beat