Herman Miller (MLHR) To Report Q4 Earnings: What's In Store?

By Zacks Investment ResearchStock MarketsJun 20, 2019 11:10PM ET

www.investing.com/analysis/opening-bell-us-futures-take-a-hit-from-dire-corporate-warnings-oil-tumbles-200433670

Herman Miller (MLHR) To Report Q4 Earnings: What's In Store?

By Zacks Investment Research | Jun 20, 2019 11:10PM ET

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Herman Miller, Inc.(MLHR) is slated to report fourth-quarter fiscal 2019 results on Jun 26, after the bell.

The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all of the trailing four quarters with an average positive surprise of 6.8%.

The stock has gained 26% year to date, significantly outperforming the 15% rally of the industry it belongs to.

How Things Are Shaping Up?

The Zacks Consensus Estimate for revenues in the to-be-reported quarter stands at $658 million, indicating year-over-year growth of 6.5%. The expected growth is likely to be driven by strength in ELA and consumer businesses.

Growth in the HAY brand, new studios, e-commerce, outlets and contract channels should continue driving the consumer business. ELA is likely to grow in China, India, Mexico and the Middle East.

In third-quarter fiscal 2019, revenues rose 7% year over year to $619 million.

Herman Miller, Inc. Revenue (TTM)

Herman Miller, Inc. Revenue (TTM)

Herman Miller, Inc. revenue-ttm | Herman Miller, Inc. Quote

The consensus estimate for earnings is pegged at 78 cents, indicating year-over-year growth of 18.2%. This growth is expected to be driven by manufacturing production leverage, favorable channel and product mix, and profit optimization benefits.

In the fiscal third quarter, adjusted earnings rose 28% from the year-ago quarter to 64 cents.

What Our Model Says

According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Herman Miller has an Earnings ESP of 0.00% and a Zacks Rank #3, a combination that makes surprise prediction difficult.

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.

FLEETCOR Technologies (FLT), with an Earnings ESP of +0.31% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Franklin Covey Co. (FC), with an Earnings ESP of +8.16% and a Zacks Rank #3.

Booz Allen Hamilton (BAH), with an Earnings ESP of +0.66% and a Zacks Rank #3.

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Herman Miller (MLHR) To Report Q4 Earnings: What's In Store?

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