MillerKnoll, Inc. (NASDAQ: MLKN) is set to release its first-quarter fiscal 2025 results on Sept. 19, 2024, after market close.
In the last reported quarter, the company's earnings topped the Zacks Consensus Estimate by 26.4% and increased 63.4% year over year. Net sales missed the consensus mark by 1.1% and declined 7.1% year over year.
MillerKnoll's earnings topped the consensus mark in each of the last four quarters, the average surprise being 29.6%.
MillerKnoll, Inc. Price and EPS Surprise
MillerKnoll, Inc. price-eps-surprise | MillerKnoll, Inc. Quote
MLKN's Estimate Revision Trend
The Zacks Consensus Estimate for the company's fiscal first-quarter earnings per share has remained unchanged at 42 cents over the past 60 days. The current estimate suggests 13.5% growth from the year-ago quarter's reported EPS value of 37 cents.
The consensus mark for net sales is $892 million, indicating a 2.8% year-over-year decrease.
Factors to Note For MLKN's Q1
MillerKnoll's net sales are expected to have declined year over year in the fiscal first quarter due to a notable decline in sales volume on the back of the soft North American housing market. These ongoing market challenges are particularly evident from the Americas Contract and Global Retail segments' fiscal ...
