Earnings Outlook For MillerKnoll
Portfolio Pulse from Benzinga Insights
MillerKnoll (NASDAQ:MLKN) is expected to release its quarterly earnings report on Wednesday, 2023-12-20, with analysts predicting an EPS of $0.55. Investors are looking for an earnings beat and positive guidance for the next quarter. Last quarter, MLKN beat EPS estimates by $0.16, leading to a 27.99% stock price increase the following day. Shares are currently trading at $28.8, up 57.64% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 19, 2023 | 2:01 pm
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POSITIVE IMPACT
MillerKnoll is anticipated to release its quarterly earnings with a forecasted EPS of $0.55. Positive guidance and a potential earnings beat could influence the stock price, as seen last quarter with a significant increase following the earnings beat.
Given the historical performance where MLKN's stock price increased by 27.99% following an earnings beat last quarter, a similar or better performance in the upcoming earnings could lead to a positive short-term impact on the stock price. The bullish trend over the past 52 weeks further supports the potential for a positive reaction if the company meets or exceeds expectations and provides favorable future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100