HNI (NYSE: HNI) reported earnings on Oct. 17. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 29 (Q3), HNI met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped.

Margins contracted across the board.

Revenue details
HNI reported revenue of $550.9 million. The five analysts polled by S&P Capital IQ predicted revenue of $547.1 million on the same basis. GAAP reported sales were 9.2% higher than the prior-year quarter's $504.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.55. The four earnings estimates compiled by S&P Capital IQ averaged $0.55 per share. GAAP EPS of $0.53 for Q3 were 3.6% lower than the prior-year quarter's $0.55 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 34.7%, 100 basis points worse than the prior-year quarter. Operating margin was 7.6%, 70 basis points worse than the prior-year quarter. Net margin was 4.4%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $528.4 million. On the bottom line, the average EPS estimate is $0.47.

Next year's average estimate for revenue is $2.00 billion. The average EPS estimate is $1.20.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 36 members out of 49 rating the stock outperform, and 13 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 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 $30.00.

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