$620.70 Million in Sales Expected for HNI Corp (HNI) This Quarter

Tuesday, 4 September, 2018

Wall Street brokerages forecast that HNI Corp (NYSE:HNI) will report sales of $620.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for HNI’s earnings. The highest sales estimate is $623.00 million and the lowest is $618.40 million. HNI posted sales of $599.46 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is expected to issue its next quarterly earnings report on Monday, October 22nd.

According to Zacks, analysts expect that HNI will report full-year sales of $2.28 billion for the current year, with estimates ranging from $2.27 billion to $2.28 billion. For the next financial year, analysts expect that the firm will post sales of $2.37 billion per share, with estimates ranging from $2.36 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow HNI.

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