HNI Earnings Prediction
The chart below shows how HNI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HNI sees a -1.21% change in stock price 10 days leading up to the earnings, and a +4.01% change 10 days following the report. On the earnings day itself, the stock moves by +1.94%. This data can give you a slight idea of what to expect for the next quarter's release.
HNI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
672.20M
-5.54%
7.78%
Gross Margin
40.98%
4.25%
-0.44%
Operating Margin
10.76%
17.47%
19.82%
Net Margin
7.07%
33.15%
22.53%
EPS
0.98
22.50%
30.67%
No Data Available
HNI Earnings Analysis
HNI Corporation Corporation (HNI.N) Earnings Conference Call
Positive
Earnings Performance Exceeds Expectations: Non-GAAP EPS of $1.03 exceeded our internal expectations and was 11% higher than the prior-year period despite continued revenue pressure.
Strong EPS Growth: Our 11% non-GAAP EPS growth in the third quarter was on top of a very strong year ago comparison, when profit grew more than 30% year-over-year.
EPS Growth Without Revenue Support: Third quarter EPS has more than doubled in the past three years, and we delivered those results without top-line support.
Workplace Furnishings Profit Surge: In the Workplace Furnishings segment, our profit transformation plan and acceleration of KII synergies drove segment non-GAAP operating profit margin to a 20-year high for the third quarter.
Operating Profit Margin Expansion: In Residential Building Products, despite ongoing housing market volatility, non-GAAP operating profit margin expanded year-over-year and exceeded 18% for only the third time in the third quarter.
Negative
Workplace Furnishings Revenue Decline: The fourth quarter revenue in Workplace Furnishings is expected to decline at a low-to-mid-single-digit rate year-over-year.
Revised Growth Outlook: Our new outlook represents a reduction from what we provided in our July earnings release, which implied fourth quarter growth.
Earnings Decline Forecast: We expect fourth quarter earnings to decline year-over-year.
Workplace Furnishings Margins Decline: Margins in Workplace Furnishings are expected to move modestly lower year-over-year, driven by lower volume.
EPS Growth Streak: Despite that decline, we expect fully year EPS to increase and extend our streak of growing fully year EPS by 10% or more to three years.
HNI FAQs
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HNI Earning Call Sentiment
HNI Corporation (HNI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
HNI.N
-1.89%Positive
The earnings call presents mixed signals. While there are strong financial metrics, such as a 33% year-to-date earnings growth and high operating margins, the near-term demand pause, economic concerns, and declining revenue outlook create uncertainties. The Q&A reveals management's cautious stance on future projections, further contributing to the neutral sentiment. The accelerated share repurchase activity provides some positive impact, but overall, the market reaction is likely to remain neutral due to the balance of positive and negative factors.
