HNI (NYSE: HNI ) is expected to report Q3 earnings on Oct. 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict HNI's revenues will increase 8.5% and EPS will contract 0.0%.
The average estimate for revenue is $547.1 million. On the bottom line, the average EPS estimate is $0.55.
Last quarter, HNI booked revenue of $480.4 million. GAAP reported sales were 11% higher than the prior-year quarter's $432.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.17. GAAP EPS of $0.15 for Q2 were 50% higher than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.4%, 50 basis points better than the prior-year quarter. Operating margin was 2.9%, 40 basis points better than the prior-year quarter. Net margin was 1.5%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.00 billion. The average EPS estimate is $1.20.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 38 members out of 51 rating the stock outperform, and 13 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give HNI a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HNI is outperform, with an average price target of $27.33.
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