Benzinga | Jun 30, 2021 11:59AM EDT

Earnings Outlook For HNI

HNI (NYSE:HNI) releases its next round of earnings this Thursday, July 01. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts expect HNI earnings of $0.22 per share. Revenue will likely be around $493.30 million, according to the consensus estimate. In the same quarter last year, HNI reported EPS of $0.2 on revenue of $417.46 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 10.0% increase in the company's EPS figure. Sales would be up 18.17% from the year-ago period. HNI's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.09 0.60 0.46 -0.31EPS Actual 0.36 0.66 0.71 0.20Revenue Estimate 458.91 M 572.83 M 496.50 M 379.94 MRevenue Actual 484.29 M 562.14 M 507.06 M 417.46 M

Stock Performance

For a full 12 months, the return has risen by 51.34%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. HNI is scheduled to hold the call at 11:00:00 ET and can be accessed here.