Herman Miller's Earnings Outlook
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:
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.
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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