Herman Miller (Nasdaq: MLHR) reported earnings on March 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 2 (Q3), Herman Miller missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased.

Margins grew across the board.

Revenue details
Herman Miller booked revenue of $423.5 million. The four analysts polled by S&P Capital IQ predicted a top line of $437.7 million on the same basis. GAAP reported sales were 5.9% higher than the prior-year quarter's $399.8 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 $0.32. The four earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. Non-GAAP EPS of $0.32 for Q3 were 23% higher than the prior-year quarter's $0.26 per share. GAAP EPS of $0.28 for Q3 were 12% higher than the prior-year quarter's $0.25 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 34.1%, 50 basis points better than the prior-year quarter. Operating margin was 6.5%, 20 basis points better than the prior-year quarter. Net margin was 3.9%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $448.9 million. On the bottom line, the average EPS estimate is $0.35.

Next 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 121 members out of 133 rating the stock outperform, and 12 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 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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