MillerKnoll Inc reports results for the quarter ended May 31 - Earnings Summary

• MillerKnoll Inc MLKN.OQ reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 67 cents. The mean expectation of three analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 35 cents to 49 cents per share.

• Revenue rose 8.2% to $961.80 million from a year ago; analysts expected $913.70 million.

• MillerKnoll Inc's reported EPS for the quarter was a loss of 84 cents​.

• The company reported a quarterly loss of $57.1 million.

• MillerKnoll Inc shares had fallen by 7.4% this quarter and lost 21.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 43.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support supplies peer group is "buy."

• Wall Street's median 12-month price target for MillerKnoll Inc is $38.00, about 53.4% above its last closing price of $17.72

This summary was machine generated from LSEG data June 25 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)