Herman Miller (Nasdaq: MLHR ) is expected to report Q2 earnings on Dec. 19. 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 Herman Miller's revenues will increase 1.9% and EPS will contract -4.9%.
The average estimate for revenue is $454.0 million. On the bottom line, the average EPS estimate is $0.39.
Last quarter, Herman Miller booked revenue of $449.7 million. GAAP reported sales were 1.8% lower than the prior-year quarter's $458.1 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 $0.38. GAAP EPS of $0.34 for Q1 were 19% lower than the prior-year quarter's $0.42 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 33.3%, 40 basis points worse than the prior-year quarter. Operating margin was 7.7%, 140 basis points worse than the prior-year quarter. Net margin was 4.4%, 100 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.80 billion. The average EPS estimate is $1.51.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 119 members out of 131 rating the stock outperform, and 12 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Herman Miller a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Herman Miller is outperform, with an average price target of $29.00.
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