HNI Beats Analyst Estimates on EPS
HNI (NYS: HNI) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), HNI beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.
Gross margins contracted, operating margins contracted, and net margins improved.
HNI booked revenue of $500.3 million. The five analysts polled by S&P Capital IQ expected net sales of $490.1 million. Sales were 7.3% higher than the prior-year quarter's $466.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.41. The five earnings estimates compiled by S&P Capital IQ forecast $0.40 per share on the same basis. GAAP EPS of $0.40 for Q4 were 43% higher than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 35.6%, 10 basis points worse than the prior-year quarter. Operating margin was 6.2%, 10 basis points worse than the prior-year quarter. Net margin was 3.6%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $424.0 million. On the bottom line, the average EPS estimate is $0.
Next year's average estimate for revenue is $1.95 billion. The average EPS estimate is $1.44.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 34 members out of 46 rating the stock outperform, and 12 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give HNI a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HNI is hold, with an average price target of $27.50.
Can your portfolio provide you with enough income to last through retirement? You'll need more than HNI. Learn how to maximize your investment income and "Secure Your Future With 11 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add HNI to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.