The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Herman Miller's revenues will shrink -2.0% and EPS will wither -7.1%.
The average estimate for revenue is $449.0 million. On the bottom line, the average EPS estimate is $0.39.
Last quarter, Herman Miller tallied revenue of $420.7 million. GAAP reported sales were 4.7% lower than the prior-year quarter's $441.5 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 $0.28. GAAP EPS of $0.21 for Q4 were 28% lower than the prior-year quarter's $0.29 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 35.7%, 270 basis points better than the prior-year quarter. Operating margin was 8.4%, 130 basis points better than the prior-year quarter. Net margin was 2.9%, 100 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.81 billion. The average EPS estimate is $1.54.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 119 members out of 130 rating the stock outperform, and 11 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 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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