Herman Miller (Nasdaq: MLHR) is expected to report Q3 earnings around March 20. 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 grow 9.5% and EPS will grow 7.7%.

The average estimate for revenue is $437.7 million. On the bottom line, the average EPS estimate is $0.28.

Revenue details
Last quarter, Herman Miller chalked up revenue of $441.8 million. GAAP reported sales were 0.9% lower than the prior-year quarter's $445.6 million.

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

EPS details
Last quarter, non-GAAP EPS came in at $0.35. GAAP EPS of $0.14 for Q2 were 66% lower than the prior-year quarter's $0.41 per share.

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

Recent performance
For the preceding quarter, gross margin was 33.6%, 50 basis points worse than the prior-year quarter. Operating margin was 4.1%, 500 basis points worse than the prior-year quarter. Net margin was 1.9%, 340 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.78 billion. The average EPS estimate is $1.37.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 120 members out of 132 rating the stock outperform, and 12 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 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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