MillerKnoll will report third-quarter earnings this Tuesday before market open, with the market expecting revenue to decline 1.3% year on year, a reversal from the 10.9% increase recorded in the same quarter last year. The office furniture manufacturer beat analysts' revenue expectations last quarter, reporting revenues of $1.00 billion, up 4.4% year on year, and also beat analysts' EPS estimates. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings, though MillerKnoll has missed Wall Street's revenue estimates multiple times over the last two years. MillerKnoll is the first among its peers to report earnings this season, and its shares are down 10.9% over the last month, while business services and supplies stocks are down 1.7% on average over the same period.
MillerKnoll IncEarnings preview: revenue expected to fall 1.3% YoY, a reversal from last year's 10.9% growth, with mixed beat/miss history.
