MillerKnoll Sees FY24 Adj. EPS $1.90-$1.98 Vs $2.08 Est.
Portfolio Pulse from Benzinga Newsdesk
MillerKnoll has projected its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $1.90 to $1.98, which is below the estimated $2.08.
March 27, 2024 | 8:13 pm
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MillerKnoll's projected adjusted EPS for FY24 is below market expectations, indicating potential challenges ahead.
The company's projected adjusted EPS for FY24 being lower than the estimated $2.08 suggests that MillerKnoll may face financial or operational challenges that could negatively impact its stock price in the short term. Investors often react negatively to earnings projections that do not meet or exceed analyst expectations, which can lead to a decrease in stock price.
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