MillerKnoll Sees Q4 2024 Adj. EPS $0.49-$0.57 Vs $0.68 Est.; Revenue $880M-$920 Vs $961.375M Est.
Portfolio Pulse from Benzinga Newsdesk
MillerKnoll projects its Q4 2024 adjusted EPS to be between $0.49-$0.57, below the estimated $0.68. Revenue is expected to be $880M-$920M, also below the estimated $961.375M.

March 27, 2024 | 8:12 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
MillerKnoll's projected Q4 2024 adjusted EPS and revenue are both below analysts' estimates, indicating potential challenges ahead.
When a company projects earnings and revenue that are below analysts' estimates, it often leads to negative investor sentiment in the short term. This can result in a decrease in stock price as market participants adjust their expectations based on the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100