MillerKnoll (MLKN) Reports Q2: Everything You Need To Know Ahead Of Earnings

Office furniture manufacturer MillerKnoll (NASDAQ:MLKN) will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.

MillerKnoll missed analysts’ revenue expectations last quarter, reporting revenues of $926.6 million, up 5.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS guidance for next quarter estimates and a significant miss of analysts’ EPS estimates.

Is MillerKnoll a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting MillerKnoll’s revenue to grow 1.3% year on year, slowing from the 8.2% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. MillerKnoll has missed Wall Street’s revenue estimates multiple times over the last two years.

With MillerKnoll being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for business services & supplies stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. MillerKnoll’s stock price was unchanged during the same time .

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