Published on 10 May 2024 on Zacks via Yahoo Finance
HNI Corporation (HNI) Soars to 52-Week High, Time to Cash Out?
Have you been paying attention to shares of HNI (HNI)? Shares have been on the move with the stock up 8.8% over the past month. The stock hit a new 52-week high of $46.02 in the previous session. HNI has gained 9.8% since the start of the year compared to the 6.1% move for the Zacks Business Services sector and the 4.9% return for the Zacks Business - Office Products industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 29, 2024, HNI reported EPS of $0.37 versus consensus estimate of $0.18 while it beat the consensus revenue estimate by 2.19%.