MillerKnoll to Report Q4 Earnings: What’s in Store?
MillerKnoll, Inc. (NASDAQ: MLKN) is set to release its fourth-quarter fiscal 2024 results on Jun 26, 2024, after market close.
In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 2.3% but decreased 16.7% year over year. However, net sales missed the consensus mark by 4.2% and declined 11.4% year over year.
MillerKnoll’s earnings topped the consensus mark in each of the last four quarters, the average surprise being 24.3%.
Trend in Estimate Revision
The Zacks Consensus Estimate for the company’s fiscal fourth-quarter earnings per share has remained unchanged at 53 cents over the past 60 days. The current estimate suggests 29.3% growth from the year-ago quarter’s reported EPS value of 41 cents.
The consensus mark for net sales is $899.1 million, suggesting a 6% year-over-year decrease.
Factors to Note
MillerKnoll’s net sales are expected to have declined year over year in the fiscal fourth quarter due to a notable decline in sales volume on the back of the soft North American housing market, along with challenging macroeconomic conditions in Europe …
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