Interface Posts 5.9% Sales Growth to $364.5M, Sees 4% Q4 Gain
Interface posted revenue of $364.5 million, up 5.9% year-over-year, beating analysts’ estimates and EPS in the last quarter. Peers OPENLANE and CoreCivic delivered 8.6% and 26% revenue gains, while analysts reconfirmed estimates and set a $36.33 average price target.
1. Q3 Performance Recap
Interface reported $364.5 million in revenue for Q3, up 5.9% year-over-year, beating consensus estimates on both sales and earnings per share.
2. Q4 Expectations
Analysts anticipate Q4 revenue growth of 4% year-over-year, matching last year’s pace, with estimates remaining stable over the past month ahead of earnings release tomorrow.
3. Peer Comparisons and Analyst Sentiment
Peers OPENLANE and CoreCivic posted 8.6% and 26% revenue gains respectively, while Interface shares rose 3.7% over the past month and analysts maintain an average price target of $36.33.