* Interface Inc reported quarterly adjusted earnings of 48 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of three analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 33 cents to 36 cents per share.
* Revenue rose 10.7% to $344.27 million from a year ago; analysts expected $336.42 million.
* Interface Inc's reported EPS for the quarter was 48 cents.
* The company reported quarterly net income of $28.44 million.
* Interface Inc shares had fallen by 7.9% this quarter and gained 38.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 5.1% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the home furnishings peer group is "buy."
Wall Street's median 12-month price target for Interface Inc is 25.00 This summary was machine generated from LSEG data November 1 at 02:23 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jan. 1 0001 0.34 0.48 Beat
Jun. 30 2024 0.28 0.40 Beat
Mar. 31 2024 0.12 0.24 Beat
Dec. 31 2023 0.23 0.41 Beat
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