HNI Q2 Adj. EPS $0.55 Beats $0.23 Estimate, Sales $563.50M Miss $564.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
HNI Corporation reported Q2 earnings of $0.55 per share, beating the analyst consensus estimate of $0.23 by 139.13%. This is a 5.77% increase from the same period last year. The company also reported quarterly sales of $563.50 million, beating the analyst consensus estimate of $550.01 million by 2.45%. However, this is a 9.36% decrease from the same period last year.
August 08, 2023 | 11:33 am
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NEUTRAL IMPACT
HNI Corporation's Q2 earnings and sales beat analyst estimates, which could positively impact the stock. However, the decrease in sales compared to last year might temper this impact.
HNI Corporation's Q2 earnings beat analyst estimates, which is typically a positive signal for the stock. However, the decrease in sales compared to the same period last year might temper this positive impact. The net effect on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100