Interface (TILE) Surpasses Q3 Earnings and Revenue Estimates

Group 1 - Interface reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of$ 0.33 per share, and up from $0.28 per share a year ago, representing an earnings surprise of 45.45% [1] - The company achieved revenues of$ 344.27 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.77% and increasing from $311.01 million year-over-year [2] - Interface has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Group 2 - Interface shares have increased approximately 38.4% since the beginning of the year, compared to a 19.6% gain for the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is$ 0.30 on revenues of $339 million, and for the current fiscal year, it is$ 1.28 on revenues of $1.31 billion [7] Group 3 - The Textile - Home Furnishing industry, to which Interface belongs, is currently ranked in the top 4% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for Interface is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]