Sneak Preview of Herman Miller, Inc. ($MLHR) 1Q21 Earnings

Herman Miller, Inc. (NASDAQ:MLHR) is reporting first quarter financial results on Wednesday 16th September 2020, after market close.

According to analysts surveyed by Thomson Reuters, MLHR is expected to report 1Q21 income of $ 0.26 per share from revenue of $ 524.83 million.

For the full year, analysts anticipate top line of $ 2253.47 million, while looking forward to income of $ 1.74 per share bottom line.

Previous Quarter Performance

Herman Miller, Inc. unfold income for the fourth quarter of $ 0.11 per share, from the revenue of $ 475.70 million. The quarterly earnings reduced 87.50 percent while revenues decreased 29.11 percent compared with the same quarter last year.
According to street consensus, MLHR was expected to report 4Q20 loss of $ 0.10 per share from revenue of $ 479.63 million. The bottom line results beat street analysts by $ 0.21 or 210.00 percent, at the same time, top line results fell short of analysts by $ 3.93 million or 0.82 percent.

Stock Performance

Shares of Herman Miller, Inc. traded up $ 0.37 or 1.51 percent on Tuesday, reaching $ 24.88 with volume of 773.40 thousand shares. Herman Miller, Inc. has traded high as $ 25.46 and has cracked $ 24.47 on the downward trend

According to the previous trading day, closing price of $ 24.88, representing a 70.33 % increase from the 52 week low of $ 14.39 and a 50.85 % decrease over the 52 week high of $ 49.87.

The company has a market capital of $ 1.46 billion and is part of the Industrials sector and Business Equipment industry.

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services worldwide. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Prospect, Overlay, and Resolve names.