HERMAN MILLER (MLHR)
EARNINGS RELEASE - SEPTEMBER 16 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .26/share REV: 524.8/M
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NEXT QTR: EPS: .49/share REV: 568.5/M
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FULL YR: EPS: 1.79/share REV: 2,250/M
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LAST QTR: EPS: -.10/share ACTUAL: .11/share (BEAT)
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BEAT/MISS RECORD: 80% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -10.3, 23.68, 18.29
EXPECTED JUMP MOVE THIS QUARTER: 10+%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
In this article, we will take a look at the 10 key earnings reports to watch. You can skip our detailed analysis of these companies, and go directly to the 5 Key Earnings Reports to Watch. Notable stocks from industrials, consumer cyclical, and technology sectors released their earnings reports earlier this week. Paychex, Inc. (NASDAQ:PAYX), […]
With pieces featured in collections around the world, Herman Miller (NASDAQ: MLHR) is no stranger to museums. This month, however, marked the start of a new chapter with a look at the brand’s first ever chair specifically designed for a museum. At the 2021 Designer’s Saturday event in Oslo, Norway, attendants were invited to take a sneak peek into the country’s much-anticipated National Museum (officially opening June 2022) while also getting a chance to see the Portrait Chair, designed by Norwe
Some of the stocks that may grab investor focus today are: Wall Street expects CarMax, Inc (NYSE: KMX) to report quarterly earnings at $1.89 per share on revenue of $6.85 billion before the opening bell. CarMax shares rose 0.1% to $146.50 in after-hours trading. Virgin Galactic Holdings Inc (NYSE: SPCE) disclosed that it was cleared to fly FAA-licensed spaceflights following the conclusion of an FAA inquiry related to the Unity 22 flight in July. Virgin Galactic shares jumped 10.2% to $24.85 in
Joining me today on our first quarter earnings call are Andi Owen, Chief Executive Officer; Jeff Stutz, Chief Financial Officer; John Michael, President-Americas Contract; Debbie Propst, President-Global Retail; Chris Baldwin, Group President-MillerKnoll; and Kevin Veltman, Senior Vice President-Integration Lead.
Completed acquisition of Knoll, Inc. during the quarter, creating the preeminent leader in modern design
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
ANALYSIS:
Price is up 7% from open with investors feeling this will be a positive release. We will be posting analysis at 1pm EST today on this trade.
We are biased long on this event, though concerned the move may be priced in.
UPDATE: We remain long and will enter prior to close.
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OUR TRADE PLAN:
ENTRY: BUY
STOP LOSS: N/A
INITIAL PROFIT TARGET: 8%
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TRADE ASSIST: N/A
POST RELEASE ACTION:
There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 679,937 Market Cap: 1.42B
Sector: Consumer Goods Short Interest: 4.38
Ticker delayed 20 minutes
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by Team Stockjumpers