MillerKnoll (MLKN) Q4 Earnings: What To Expect

Office furniture manufacturer MillerKnoll (NASDAQ:MLKN) will be reporting results this Wednesday after the bell. Here’s what to expect.

MillerKnoll beat analysts’ revenue expectations by 4.9% last quarter, reporting revenues of $955.7 million, up 10.9% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ revenue estimates.

Is MillerKnoll a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting MillerKnoll’s revenue to decline 3% year on year to $941.4 million, a reversal from the 2.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MillerKnoll has missed Wall Street’s revenue estimates five times over the last two years.

With MillerKnoll being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for business services & supplies stocks. However, there has been positive investor sentiment in the segment, with share prices up 8.5% on average over the last month. MillerKnoll is up 19.5% during the same time and is heading into earnings with an average analyst price target of $32 (compared to the current share price of $16.65).

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