Interface Inc reports results for the quarter ended June 30 - Earnings Summary

• Interface Inc TILE reported quarterly adjusted earnings of 60 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of three analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 46 cents to 48 cents per share.

• Revenue rose 8.3% to $375.52 million from a year ago; analysts expected $360.57 million.

• Interface Inc's reported EPS for the quarter was 55 cents​.

• The company reported quarterly net income of $32.56 million.

• Interface Inc shares had fallen by 1.5% this quarter and lost 15.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

• Wall Street's median 12-month price target for Interface Inc is $30.00, about 31.3% above its last closing price of $20.62

This summary was machine generated from LSEG data August 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)