HNI (HNI) Q4 Earnings Surpass Estimates

Core Viewpoint - HNI reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.73 per share, but down from $0.98 per share a year ago, indicating a 19.18% earnings surprise [1][2] Financial Performance - HNI's revenues for the quarter ended December 2024 were $642.5 million, missing the Zacks Consensus Estimate by 3.37% and down from $679.8 million year-over-year [2] - Over the last four quarters, HNI has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - HNI shares have declined approximately 2.7% since the beginning of the year, while the S&P 500 has gained 4.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $582 million, and for the current fiscal year, it is $3.60 on revenues of $2.63 billion [7] - The trend of estimate revisions for HNI is mixed, which could change following the recent earnings report [6] Industry Context - The Business - Office Products industry, to which HNI belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]