YieldBoost MLKN To 15.3% Using Options
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2024
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Should l Buy MLKN?
Source: NASDAQ.COM
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Analyst Views on MLKN
About MLKN
MillerKnoll, Inc. is engaged in the research, design, manufacture, selling and distribution of seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services. Its segments include Americas Contract, International Contract & Specialty, and Global Retail. Americas Contract segment includes the operations associated with the design, manufacture and sale of furniture products directly or indirectly through an independent dealership network for office, healthcare, and educational environments throughout North and South America. International Contract & Specialty segment includes the operations associated with the design, manufacture and sale of furniture products, directly or indirectly through an independent dealership network in Europe, the Middle East, Africa and Asia-Pacific. Global Retail segment includes operations associated with the sale of modern design furnishings and accessories to third party retailers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MillerKnoll Earnings Preview: Revenue Expectations Analysis
- Revenue Performance: MillerKnoll reported revenues of $955.2 million last quarter, down 1.6% year-on-year, yet it exceeded analysts' expectations, demonstrating the company's resilience in challenging conditions.
- Earnings Outlook: Analysts have positively adjusted their EPS estimates for MillerKnoll's next quarter, indicating increased market confidence in the company's future profitability.
- Market Expectations: This quarter, the market anticipates a 7.5% year-on-year revenue growth for MillerKnoll, a significant improvement from last year's flat performance, which may attract more investor interest.
- Stock Volatility: Despite a 13% decline in MillerKnoll's stock price over the past month, the overall market reaction to business services and supplies stocks has remained relatively stable, reflecting a cautious investor sentiment.
See More
Major Earnings Expected After Wednesday's Close
- Earnings Release Preview: Major companies such as Beyond Meat (BYND), Precigen (PGEN), Planet 13 Holdings (PLNH), and Karman Holdings (KRMN) are set to report earnings after Wednesday's close, with market expectations potentially influencing their stock price movements.
- Analyst Focus: Jefferies Financial Group (JEF) will also release its earnings on the same day, and analysts will closely monitor its financial data to assess its performance and outlook in the financial services sector.
- Additional Earnings: In addition to the major players, other companies including CTSO, FUL, JBS, LGMK, MDV, MLKN, NDLS, and WYY will also report earnings after the close, providing investors with a broader perspective on market performance.
- Market Reaction Anticipation: Investors are expected to adjust their strategies based on the outcomes of these earnings reports, particularly in the current economic climate where the results could significantly impact the stock prices and market sentiment of the related companies.
See More
MillerKnoll Q3 Earnings Announcement Scheduled
- Earnings Release Date: MillerKnoll is set to announce its Q3 earnings on March 25th after market close, with market participants keenly awaiting the results, which could impact stock performance.
- EPS Expectations: The consensus EPS estimate stands at $0.45, reflecting a 2.3% year-over-year increase, indicating the company's stable profitability, which may bolster investor confidence.
- Revenue Growth Forecast: Revenue is projected to reach $941.95 million, representing a 7.5% year-over-year growth, showcasing the company's potential for growth amid recovering market demand, which could drive future performance improvements.
- Historical Performance Metrics: Over the past two years, MillerKnoll has exceeded EPS estimates 75% of the time and revenue estimates 50% of the time, suggesting that historical performance may shape market expectations for the upcoming earnings report.
See More
Oil Price Surge Raises Market Concerns
- Oil Price Surge: Following Iraq's declaration of force majeure on foreign-operated oil fields, Brent crude prices have surged past $112 per barrel and WTI over $98, which will directly impact the global economy by increasing living costs and reducing corporate profitability.
- Job Market Focus: Investors are set to closely monitor upcoming initial jobless claims and productivity reports; while these are not primary employment indicators, their significance has risen amid growing concerns about economic stagnation, potentially influencing future monetary policy decisions.
- Consumer Sentiment Survey: The University of Michigan's consumer survey will provide a fuller picture of how the Iran conflict is affecting consumer sentiment, which is crucial as consumer spending accounts for about two-thirds of the U.S. economy, thus impacting growth prospects significantly.
- KB Home Earnings: As one of the largest home builders in the U.S., KB Home's earnings report will shed light on housing market dynamics, particularly as high energy prices and the ongoing Iran conflict may suppress housing activity.
See More
MLKN Stock 52-Week Range Analysis
- Price Fluctuation Analysis: MLKN's 52-week low is $13.7733 per share, while the high is $23.18, with the last trade at $18.49, indicating notable price volatility within this range and reflecting market interest in the stock.
- Technical Indicator Observation: The current price of $18.49 is below the 200-day moving average, which may suggest increased selling pressure in the short term, prompting investors to carefully assess their holding risks.
- Market Sentiment Assessment: Despite significant fluctuations over the past year, the current price remains above the low point, indicating a degree of market confidence in MLKN's fundamentals, potentially attracting long-term investors.
- Investor Focus: As MLKN's stock price approaches its 52-week low, investors may reassess their strategies, particularly in the context of dividend stocks, and should monitor overall market trends and changes in the company's fundamentals.
See More
MillerKnoll Named to Fortune's Most Admired Companies List for 2026
- Honor Recognition: MillerKnoll's inclusion in Fortune's 2026 Most Admired Companies list highlights its excellence in design innovation and corporate values, which is expected to enhance brand image and market competitiveness.
- Evaluation Criteria: The ranking is based on assessments by executives, directors, and analysts across nine criteria, including investment value and management quality, indicating MillerKnoll's leadership position and talent attraction capabilities within the industry.
- Continuous Innovation: The company has opened new flagship stores in London, New York, and Chicago, along with a 12,000-square-foot Archives facility showcasing over a million objects, reflecting its commitment to sustainable and transformative design, which is anticipated to drive future business growth.
- Future Development: In 2026, MillerKnoll plans to expand its retail footprint, accelerate innovation, and enhance the role of design in sustainability, aiming to create a more inspiring future and strengthen its market influence.
See More
MillerKnoll Earnings Preview: Revenue Expectations Analysis
- Revenue Performance: MillerKnoll reported revenues of $955.2 million last quarter, down 1.6% year-on-year, yet it exceeded analysts' expectations, demonstrating the company's resilience in challenging conditions.
- Earnings Outlook: Analysts have positively adjusted their EPS estimates for MillerKnoll's next quarter, indicating increased market confidence in the company's future profitability.
- Market Expectations: This quarter, the market anticipates a 7.5% year-on-year revenue growth for MillerKnoll, a significant improvement from last year's flat performance, which may attract more investor interest.
- Stock Volatility: Despite a 13% decline in MillerKnoll's stock price over the past month, the overall market reaction to business services and supplies stocks has remained relatively stable, reflecting a cautious investor sentiment.
See More
Major Earnings Expected After Wednesday's Close
- Earnings Release Preview: Major companies such as Beyond Meat (BYND), Precigen (PGEN), Planet 13 Holdings (PLNH), and Karman Holdings (KRMN) are set to report earnings after Wednesday's close, with market expectations potentially influencing their stock price movements.
- Analyst Focus: Jefferies Financial Group (JEF) will also release its earnings on the same day, and analysts will closely monitor its financial data to assess its performance and outlook in the financial services sector.
- Additional Earnings: In addition to the major players, other companies including CTSO, FUL, JBS, LGMK, MDV, MLKN, NDLS, and WYY will also report earnings after the close, providing investors with a broader perspective on market performance.
- Market Reaction Anticipation: Investors are expected to adjust their strategies based on the outcomes of these earnings reports, particularly in the current economic climate where the results could significantly impact the stock prices and market sentiment of the related companies.
See More
MillerKnoll Q3 Earnings Announcement Scheduled
- Earnings Release Date: MillerKnoll is set to announce its Q3 earnings on March 25th after market close, with market participants keenly awaiting the results, which could impact stock performance.
- EPS Expectations: The consensus EPS estimate stands at $0.45, reflecting a 2.3% year-over-year increase, indicating the company's stable profitability, which may bolster investor confidence.
- Revenue Growth Forecast: Revenue is projected to reach $941.95 million, representing a 7.5% year-over-year growth, showcasing the company's potential for growth amid recovering market demand, which could drive future performance improvements.
- Historical Performance Metrics: Over the past two years, MillerKnoll has exceeded EPS estimates 75% of the time and revenue estimates 50% of the time, suggesting that historical performance may shape market expectations for the upcoming earnings report.
See More
Oil Price Surge Raises Market Concerns
- Oil Price Surge: Following Iraq's declaration of force majeure on foreign-operated oil fields, Brent crude prices have surged past $112 per barrel and WTI over $98, which will directly impact the global economy by increasing living costs and reducing corporate profitability.
- Job Market Focus: Investors are set to closely monitor upcoming initial jobless claims and productivity reports; while these are not primary employment indicators, their significance has risen amid growing concerns about economic stagnation, potentially influencing future monetary policy decisions.
- Consumer Sentiment Survey: The University of Michigan's consumer survey will provide a fuller picture of how the Iran conflict is affecting consumer sentiment, which is crucial as consumer spending accounts for about two-thirds of the U.S. economy, thus impacting growth prospects significantly.
- KB Home Earnings: As one of the largest home builders in the U.S., KB Home's earnings report will shed light on housing market dynamics, particularly as high energy prices and the ongoing Iran conflict may suppress housing activity.
See More
MLKN Stock 52-Week Range Analysis
- Price Fluctuation Analysis: MLKN's 52-week low is $13.7733 per share, while the high is $23.18, with the last trade at $18.49, indicating notable price volatility within this range and reflecting market interest in the stock.
- Technical Indicator Observation: The current price of $18.49 is below the 200-day moving average, which may suggest increased selling pressure in the short term, prompting investors to carefully assess their holding risks.
- Market Sentiment Assessment: Despite significant fluctuations over the past year, the current price remains above the low point, indicating a degree of market confidence in MLKN's fundamentals, potentially attracting long-term investors.
- Investor Focus: As MLKN's stock price approaches its 52-week low, investors may reassess their strategies, particularly in the context of dividend stocks, and should monitor overall market trends and changes in the company's fundamentals.
See More
MillerKnoll Named to Fortune's Most Admired Companies List for 2026
- Honor Recognition: MillerKnoll's inclusion in Fortune's 2026 Most Admired Companies list highlights its excellence in design innovation and corporate values, which is expected to enhance brand image and market competitiveness.
- Evaluation Criteria: The ranking is based on assessments by executives, directors, and analysts across nine criteria, including investment value and management quality, indicating MillerKnoll's leadership position and talent attraction capabilities within the industry.
- Continuous Innovation: The company has opened new flagship stores in London, New York, and Chicago, along with a 12,000-square-foot Archives facility showcasing over a million objects, reflecting its commitment to sustainable and transformative design, which is anticipated to drive future business growth.
- Future Development: In 2026, MillerKnoll plans to expand its retail footprint, accelerate innovation, and enhance the role of design in sustainability, aiming to create a more inspiring future and strengthen its market influence.
See More
