NYSE:HNICommercial Services
HNI (HNI) Stock Climbs On Profit Recovery And Ambitious EPS Goals
HNI stock has shrugged off recent hesitation and moved about 3% higher to roughly US$45, building on a strong 90 day run. The market is reacting to one thing above all else: earnings snapped back. Non GAAP earnings per share landed at US$1.27 in the quarter, while GAAP earnings per share came in at US$0.70, helped by a Steelcase fueled revenue surge.
The short term pop matters, but the bigger story is the profit repair after earlier losses and the multi year earnings growth targets that...