Interface Earnings: Q2 Revenue Guidance Tops Expectations, Analysts Expect 3.6% YoY Growth

Interface, a modular flooring manufacturer, is set to report Q2 earnings on Friday. Analysts expect a 3.6% YoY revenue increase to $359.1 million, with adjusted EPS at $0.47. Most analysts have reconfirmed their estimates, suggesting the company is expected to maintain its course. Interface has missed Wall Street's revenue estimates three times in the past two years. The stock is down 3.9% in the last month, with an average analyst price target of $31.33.

Interface, Inc. (TILE), a leading modular flooring manufacturer, is set to release its Q2 earnings report on Friday. Analysts are expecting the company to report a 3.6% year-over-year (YoY) increase in revenue, reaching $359.1 million. The adjusted earnings per share (EPS) is anticipated to be $0.47 [1].

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting that they expect Interface to maintain its current trajectory. However, the company has a history of missing Wall Street's revenue estimates, having done so three times in the past two years [1].

In the past month, the stock has experienced a 3.9% decline, with an average analyst price target of $31.33. This target is higher than the current share price of $20.64. The company's peers in the office & commercial furniture segment have shown steady performance, with HNI and MillerKnoll reporting significant year-over-year revenue growth in their Q2 results [1].

Investors should keep an eye on the upcoming earnings report to gauge the company's performance and the market's reaction. The report will provide insights into Interface's ability to navigate the competitive landscape and maintain its growth trajectory.

References:
[1] https://finance.yahoo.com/news/interface-earnings-look-tile-030137911.html
[2] https://ca.finance.yahoo.com/news/interface-earnings-look-tile-030137911.html