HNI Q3 Adj EPS $0.93 Beats $0.63 Estimate, Sales $711.60M Miss $712.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
HNI Corporation reported Q3 adjusted earnings of $0.93 per share, beating the analyst consensus estimate of $0.63 by 47.62%. However, the company's quarterly sales of $711.60 million missed the analyst consensus estimate of $712.89 million by 0.18%. The earnings represent a 30.99% increase from the same period last year, while the sales represent an 18.84% increase.
October 31, 2023 | 11:32 am
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HNI Corporation's Q3 earnings beat estimates, but sales slightly missed expectations. This mixed report may lead to uncertain short-term price movements.
HNI Corporation's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the slight miss on sales could counteract this positive effect, leading to uncertainty in the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100