MillerKnoll Sees Q1 Adj. EPS $0.18-$0.24 vs $0.4 Est., Net Sales $880M-$920M vs $927.25M Est.
Portfolio Pulse from Benzinga Newsdesk
MillerKnoll forecasts Q1 adjusted EPS to be between $0.18 and $0.24, lower than the estimated $0.4. The company also expects net sales to range from $880M to $920M, which is below the estimated $927.25M.
July 12, 2023 | 8:09 pm
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NEGATIVE IMPACT
MillerKnoll's lower than expected Q1 adjusted EPS and net sales forecasts may negatively impact its stock price.
MillerKnoll's lower than expected earnings per share (EPS) and net sales forecasts for Q1 indicate potential financial underperformance, which could lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100