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Herman Miller's Earnings Outlook

Benzinga Insights
·1 min read

Herman Miller (NASDAQ: MLHR) announces its next round of earnings this Wednesday, September 16. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1earnings announcement.

Earnings and Revenue

Based on management's projections, Herman Miller analysts model for earnings of $0.26 per share on sales of $524.83 million. In the same quarter last year, Herman Miller reported EPS of $0.84 on revenue of $670.90 million. Analysts estimate would represent a 69.05% decrease in the company's earnings per share. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q4 2020

Q3 2020

Q2 2019

Q1 2019

EPS Estimate

-0.10

0.69

0.87

0.78

EPS Actual

0.11

0.74

0.88

0.84

Revenue Estimate

479.63 M

679.45 M

695.80 M

661.80 M

Revenue Actual

475.70 M

665.70 M

674.20 M

670.90 M

Stock Performance

Over the last 52-week period, shares are down 43.76%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

View more earnings on MLHR

Don't be surprised to see the stock move on comments made during its conference call. Herman Miller is scheduled to hold the call at 09:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/ouxp3usn

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