Knoll Earnings: Here’s Why the Stock is Up Now

Knoll Inc. (NYSE:KNL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.71%.

Knoll Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 39.29% to $0.17 in the quarter versus EPS of $0.28 in the year-earlier quarter.

Revenue: Decreased 3.04% to $214.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Knoll Inc. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $211.73 million.

Quoting Management: “It was a whirlwind of a quarter as we pressed forward with our strategic investments to drive a more balanced mix of business within and amongst our different segments,” commented Andrew Cogan, CEO.
“While, as expected, sales modestly declined in the quarter, if you excluded the impact of declining government shipments we outperformed the overall market. We remain committed to the program of investments we outlined earlier this year that aim to drive revenue growth and margin improvement over the longer term.”

Key Stats (on next page)…

Revenue increased 6.83% from $200.59 million in the previous quarter. EPS increased 30.77% from $0.13 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.24 to a profit $0.22. For the current year, the average estimate has moved down from a profit of $0.92 to a profit of $0.85 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)