What to Expect When Herman Miller Reports Earnings
Professional office environments manufacturer Herman Miller (NASDAQ: MLHR) is set to release fiscal second-quarter 2020 earnings on Thursday before the markets open for trading. As I explained on a recent Motley Fool Industry Focus podcast, the iconic design house can be thought of as a small-cap sleeper stock: Shares have averaged a vigorous total return of 23% annually over the past 10 years. Let's run through a few key numbers and themes that will influence the market's reception to the manufacturer's results on Thursday.
Herman Miller's fiscal first-quarter 2020 revenue improvement of 7.4% fell within something of a sweet spot for the company, as it also advanced its top line by 7.8% for the all of fiscal 2019. For the second quarter of 2020, management has pinpointed revenue of between $685 million and $705 million. At the midpoint of this range, organic growth will equal... 7%.
Management doesn't provide a slew of quantitative earnings benchmarks in advance of each quarter's results. In addition to a revenue forecast, Herman Miller typically projects diluted earnings per share (EPS); for Thursday's report, the company has advised investors to expect EPS of $0.85-$0.89.
Source Fool.com
