Knoll, Inc. Second Quarter Earnings Sneak Peek

Knoll, Inc. (NASDAQ:KNL) will unveil its latest earnings on Monday, July 11, 2011. Knoll Inc. and its subsidiaries are engaged in the design, manufacture and sale of office furniture products and accessories, focusing on the middle to high-end segments of the contract furniture market.

Knoll, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 26 cents per share, a rise of 18.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $1.18 per share, a rise of 66.2% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 4 cents in the fourth quarter of the last fiscal year, the company fell in line with expecations by reporting net income of 20 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $238.1 million in revenue this quarter, a rise of 23.8% from the year ago quarter. Analysts are forecasting total revenue of $949.5 million for the year, a rise of 17.3% from last year’s revenue of $809.5 million.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than fourfold while it rose more than twofold in the fourth quarter of the last fiscal year and 10.7% in the third quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 26% to $220.9 million while the figure rose 30.4% in the fourth quarter of the last fiscal year from the year earlier and 11.5% in the third quarter of the last fiscal year.

Competitors to Watch: Herman Miller, Inc. (NASDAQ:MLHR), Steelcase Inc. (NYSE:SCS), HNI Corporation (NYSE:HNI), Hooker Furniture (NASDAQ:HOFT), La-Z-Boy Inc (NYSE:LZB), Flexsteel Industries (NASDAQ:FLXS), Stanley Furniture (NASDAQ:STLY), Natuzzi (NYSE:NTZ), Furniture Brands (NYSE:FBN), Bassett Furniture (NASDAQ:BSET) and Leggett & Platt (NYSE:LEG).

Stock Price Performance: During June 3, 2011 to July 1, 2011, the stock price has risen $2.65 (14.9%) from $17.76 on June 3, 2011 to $20.41 on July 1, 2011. The stock price saw one of its best stretches over the last year between December 16, 2010, and December 27, 2010, when shares rose for seven-straight days, rising 7.3% (+$1.15) over that span. It saw one of its worst periods between May 13, 2011, and May 19, 2011, when shares fell for five-straight days, falling 6.5% (-$1.28) over that span. Shares are up $3.83 (+23.1%) year to date.

(Source: Xignite Financials)

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