MillerKnoll Sees Q2 EPS $0.52-$0.58 Vs $0.51 Est.; Revenue $950M-$990M Vs $983.8M Est.; Raises FY24 EPS To $1.85-$2.15 Vs $1.83 Est.;
Portfolio Pulse from Happy Mohamed
MillerKnoll (MLKN) has raised its FY24 EPS guidance to $1.85-$2.15, up from the estimated $1.83. The company also expects Q2 revenue to be between $950M-$990M, with EPS between $0.52-$0.58. This outlook is generally optimistic despite economic uncertainties.
September 26, 2023 | 8:08 pm
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POSITIVE IMPACT
MillerKnoll's raised FY24 EPS guidance and expected Q2 revenue could potentially boost investor confidence, leading to a positive impact on the stock price.
The raised EPS guidance for FY24 and expected Q2 revenue indicates that MillerKnoll is performing well and is optimistic about its future performance. This could potentially attract more investors, leading to an increase in demand for the stock and thus a rise in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100