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

MillerKnoll

20/12/2023 22:45

* MillerKnoll Inc  MLKN.OQ  reported quarterly adjusted
earnings
of 59 cents​​ per share for the quarter ended in November,
higher than the same quarter last year, when the company
reported EPS of 46 cents.  The mean expectation of five analysts
for the quarter was for earnings of 54 cents per share. Wall
Street expected results to range from 52 cents to 56 cents per
share.
    * Revenue fell 11% to $949.50 million from a year ago;
analysts
expected $971.48 million. 
    * MillerKnoll Inc's reported EPS for the quarter was 45
cents​.
    * The company reported quarterly net income of $33.5
million.
    * MillerKnoll Inc shares had risen by 18.4% this quarter and
gained 37.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $25.00 
This summary was machine generated from LSEG data December 20 at
10:45 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
 Nov. 30 2023      0.54           0.59           Beat
 Aug. 31 2023      0.21           0.37           Beat
 May. 31 2023      0.39           0.41           Beat
 Feb. 28 2023      0.42           0.54           Beat