Herman Miller expects the result
The last trading days in June will bring a lot of additional economic data. The job data for the month of May is highlighted at the close of the month, as are the production and inflation numbers. In the meantime, there will be a handful of notable quarterly reports this week, including retailer Bed Bath & Beyond (BBBY), beverage giant Constellation Brands (STZ), General Mills (GIS), and Walgreens Boots Alliance (WBA).
The week is starting slowly today with no important data.
The following company will publish its quarterly results today, June 28th:
Herman Miller Inc. (NASDAQ: MLHR – $ 48.28) engages in the research, design, manufacture and sale of interiors for use in a variety of settings including offices, healthcare, educational and residential settings. Herman Miller will announce its fourth quarter 2021 results after the market closes today.
Now let’s take a quick look at how Friday’s earnings announcements compare to expectations:
Apogee Enterprises Inc. (NASDAQ: APOG – $ 38.59) designs and develops glass and metal products and services in the United States, Canada and Brazil. Apogee Enterprises reported earnings per share of $ 0.42 for the quarter, beating the consensus estimate of $ 0.37 by $ 0.05. The company earned $ 326 million for the quarter, compared to analyst estimates of $ 288.80 million.
CarMax Inc. (NYSE: KMX – $ 119.43) deals with the retail of used vehicles and the wholesale of vehicle auction operators. CarMax reported earnings per share for the quarter of $ 2.63, beating analysts’ consensus estimate of $ 1.61 by $ 1.02. The company had revenue of $ 7.70 billion for the quarter, compared to the consensus estimate of $ 6.22 billion.
JinkoSolar Holding Co., Ltd. (NYSE: JKS – $ 37.86) deals with the design, development, production and marketing of photovoltaic products and services for the integration of solar systems. JinkoSolar Holding reported earnings per share of $ 0.15 for the quarter, beating the consensus estimate of $ 0.01 by $ 0.14. The company earned $ 1.21 billion in the quarter, compared to the consensus estimate of $ 1.18 billion.
Paychex Inc. (NASDAQ: PAYX – $ 104.28) offers integrated human capital management solutions for human resources (HR), payroll, social benefits and insurance services. Paychex reported $ 0.72 EPS for the quarter, beating the consensus estimate of $ 0.67 by $ 0.05. The company earned $ 1.03 billion in the quarter, compared to analysts’ expectations of $ 980.02 million.
Looking ahead to tomorrow, Tuesday will bring the consumer confidence index. All economic data presented here are preliminary and subject to change.
Kind reminder that Independence Day falls on a Sunday in the United States this year. This means that the exchange will be closed on Monday, July 5th, observing the public holiday. Prepare for the next week to be a short week of trading.