Modular flooring manufacturer Interface (NASDAQ:TILE) will be reporting results tomorrow morning. Here’s what investors should know.
Interface missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $335 million, up 3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EPS estimates but revenue guidance for next quarter slightly missing analysts’ expectations.
Is Interface a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Interface’s revenue to grow 2.3% year on year to $296.5 million, a reversal from the 2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Interface has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Interface’s peers in the business services & supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Steelcase delivered year-on-year revenue growth of 1.7%, meeting analysts’ expectations, and MillerKnoll reported flat revenue, falling short of estimates by 4.6%. Steelcase traded up 6.5% following the results while MillerKnoll was also up 10.6%.
Read our full analysis of Steelcase’s results here and MillerKnoll’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the business services & supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.6% on average over the last month. Interface is down 7.7% during the same time and is heading into earnings with an average analyst price target of $31.33 (compared to the current share price of $18.80).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.