Virco Mfg (NASDAQ:VIRC) Stock, Quote.Headers.trade-ideas

Virco Mfg

Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells.

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VIRC

MillerKnoll, Inc. (NASDAQ: MLKN) is set to release its first-quarter fiscal 2025 results on Sept. 19, 2024, after market close.

MillerKnoll to Report Q1 Earnings: What&#39;s in the Cards?

Earnings Beats

Large Cap

Mid Cap

PENN

Virco Manufacturing Corporation (NASDAQ: VIRC) reported mixed second-quarter fiscal 2024 (ended July 31, 2024) results, wherein earnings surpassed the Zacks Consensus Estimate but sales missed the same. Following the results, the company&#39;s shares lost 9.3% on Sept. 09.

Virco&#39;s Q2 Earnings Beat Estimates, Revenues Miss, Stock Falls

Virco Manufacturing Corporation (NASDAQ: VIRC) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.

Virco Manufacturing Corporation Surpasses Q2 Earnings Estimates

Virco Manufacturing Corporation - Common Stock

Virco Manufacturing Corp

MillerKnoll, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>) is set to release its first-quarter fiscal 2025 results on Sept. 19, 2024, after market close.
In the last reported quarter, the company&#39;s earnings topped the Zacks Consensus Estimate by 26.4% and increased 63.4% year over year. Net sales missed the consensus mark by 1.1% and declined 7.1% year over year.
MillerKnoll&#39;s earnings topped the consensus mark in each of the last four quarters, the average surprise being 29.6%.
<div class="chart_embed">
<h3>MillerKnoll, Inc. Price and EPS Surprise</h3>
<img alt="MillerKnoll, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/9b/1726648908.png" style="height:263px; width:538px" title="" />
MillerKnoll, Inc. price-eps-surprise | MillerKnoll, Inc. Quote
</div>
<h2>MLKN&#39;s Estimate Revision Trend</h2>
The Zacks Consensus Estimate for the company&#39;s fiscal first-quarter earnings per share has remained unchanged at 42 cents over the past 60 days. The current estimate suggests 13.5% growth from the year-ago quarter&#39;s reported EPS value of 37 cents.
The consensus mark for net sales is $892 million, indicating a 2.8% year-over-year decrease.
<h2>Factors to Note For MLKN&#39;s Q1</h2>
MillerKnoll&#39;s net sales are expected to have declined year over year in the fiscal first quarter due to a notable decline in sales volume on the back of the soft North American housing market. These ongoing market challenges are particularly evident from the Americas Contract and Global Retail segments&#39; fiscal fourth-quarter performance.
For the fiscal first quarter, the company also expects net sales between $872 million and $912 million, reflecting a slight year-over-year decline of approximately 2.8% at the midpoint. In the year-ago quarter, the company&#39;s net sales were $917.7 million.
Nonetheless, MillerKnoll has been navigating a challenging market backdrop with improvements in margins and operational efficiency, supported by product innovation and integration synergies from Knoll. The realization of price optimization strategies, improved freight, distribution and inventory management and benefits from its ongoing synergy efforts are likely to have driven margins. MLKN projects an adjusted gross margin within the 39-40% range for the quarter, up from 39% from the previous year.
Adjusted operating expenses are anticipated to be between $291 million and $301 million, down from $302.7 million reported a year ago. The company expects adjusted EPS in the range of 38-44 cents for the quarter, up from 37 cents reported in the year-ago quarter.
<h2>What Our Quantitative Model Predicts for MLKN&#39;s Q1</h2>
Our proven model does not conclusively predict an earnings beat for MLKN this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here, as you will see below.
Earnings ESP: The company has an Earnings ESP of 0.00%.
Zacks Rank: MillerKnoll currently carries a Zacks Rank #3.
<h2>Peer Releases</h2>
Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) reported mixed second-quarter fiscal 2024 (ended July 31, 2024) results, wherein earnings surpassed the Zacks Consensus Estimate but sales missed the same.
Going forward, VIRC aims to seek potential acquisition opportunities to expand and strengthen its current business capabilities. Also, along with driving its prospects, Virco expects to add shareholder value through quarterly dividends and share repurchases.
Bassett Furniture Industries, Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bset#NASDAQ">BSET</a>) reported tepid second-quarter fiscal 2024 (ended June 1, 2024) results, with earnings and net sales missing the Zacks Consensus Estimate and declined year over year.
BSET announced a restructuring plan to better align its cost structure for future growth. This strategy leverages Bassett&#39;s brand quality, design expertise and service. The focus is on driving long-term revenue growth and profitability.
Culp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/culp#NYSE">CULP</a>) reported mixed results in fourth-quarter fiscal 2024 (ended April 28, 2024). Its adjusted loss was narrower than the Zacks Consensus Estimate while net sales marginally missed the same. On a year-over-year basis, net sales declined and the adjusted loss widened.
The quarterly results reflect softness in industry demand for CULP&#39;s reportable businesses due to ongoing macroeconomic headwinds and the timing of orders, due to many larger customers experiencing prolonged conditions beginning in January. Nonetheless, initiatives to lower manufacturing costs and execute operational excellence aided the bottom line to some extent. Culp intends to work on its restructuring plan as it believes this will enable it to grow more efficiently and profitably, with a lower level of fixed costs.
<a href="https://www.zacks.com/stock/news/2337745/millerknoll-to-report-q1-earnings-what-s-in-the-cards?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2337745">To read this article on Zacks.com click here.</a>

MillerKnoll to Report Q1 Earnings: What's in the Cards?

Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) reported mixed second-quarter fiscal 2024 (ended July 31, 2024) results, wherein earnings surpassed the Zacks Consensus Estimate but sales missed the same. Following the results, the company&#39;s shares lost 9.3% on Sept. 09.
On a year-over-year basis, the top and the bottom lines increased. This was primarily driven by higher factory output and improved operating efficiencies. A large counter-seasonal disaster recovery order also contributed to the positive results. This order is now blending into the company&#39;s usual seasonal delivery pattern, which peaks during the second and third quarters when schools are closed.
Although order rates declined slightly with the progress of summer, Shipments plus Backlog remained higher compared to last year. The company is confident in its ability to adapt to these changes. Its strong financial position supports the ongoing investments in new manufacturing equipment and service expansions. VIRC is well-positioned to seize unexpected opportunities as the market adjusts to a new post-pandemic phase.
Going forward, the company aims to seek potential acquisition opportunities to expand and strengthen its current business capabilities. Also, along with driving its prospects, Virco expects to add shareholder value through quarterly dividends and share repurchases.
<h2>Delving Deeper</h2>
The company reported adjusted earnings of $1.04 per share, which surpassed the Zacks Consensus Estimate of $1.00 by 4%. In the last reported quarter, it reported adjusted earnings of 95 cents per share.
<div class="chart_embed">
<h3>Virco Manufacturing Corporation Price, Consensus and EPS Surprise</h3>
<img alt="Virco Manufacturing Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b9/1725964901.png" style="height:265px; width:577px" title="" />
Virco Manufacturing Corporation price-consensus-eps-surprise-chart | Virco Manufacturing Corporation Quote
Net sales of $108.4 million missed the consensus mark of $115.9 million by 6.5% but grew 1% from the prior-year quarter&#39;s level.
</div>
<h2>Operating Highlights</h2>
During the fiscal second quarter, Virco&#39;s gross profit increased 3.4% year over year to $50.2 million. The gross margin expanded 100 basis points (bps) to 46.3% from 45.3% a year ago.
Selling, general and administrative expenses, as a percentage of sales, increased 60 bps to 26.1% from 25.5% reported a year ago. The uptick in operating expenses stemmed from a modest increase in full-service orders and the associated installation costs.
The company reported an operating profit of $21.9 million compared with $21.2 million in the prior-year quarter.
<h2>Financials</h2>
At the end of the fiscal second-quarter, Virco had cash of $0.8 million, down from $5.3 million at fiscal 2023-end. As of July 31, long-term debt (less current portion) was $4 million, slightly down from $4.1 million at fiscal 2023-end.
At the end of second-quarter fiscal 2024, the company&#39;s inventory came in at $58.6 million, slightly up from $58.4 million in the year-ago period.
<h2>VIRC&#39;s Zacks Rank</h2>
Virco currently carries a Zacks Rank #3 (Hold).
<h2>Recent Consumer Discretionary Releases</h2>
PENN Entertainment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/penn#NASDAQ">PENN</a>) reported a narrower-than-expected loss in second-quarter 2024. The company&#39;s bottom and top lines surpassed the Zacks Consensus Estimate but declined on a year-over-year basis. PENN&#39;s quarterly results were hampered by disappointing performances of its South and Interactive segments.
However, top-of-funnel growth improvement, better risk management and enhanced promotional strategies led to stronger-than-expected revenues and adjusted EBITDA in the Interactive segment. PENN continues to focus on database growth and customer engagement through the use of latest technology, ongoing investments in gaming and non-gaming areas and partnerships in food and beverage.
Choice Hotels International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chh#NYSE">CHH</a>) delivered drab second-quarter 2024 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. Nevertheless, both metrics increased on a year-over-year basis.
The results were backed by strong demand trends across the company&#39;s diversified portfolio of brands. This uptrend in demand aided in accelerating global hotel openings, expanding international market reach and increasing the size of its reward program. CHH&#39;s versatile business model and accretive growth strategies ensure the support required to foster its growth trends.
Hilton Worldwide Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlt#NYSE">HLT</a>) reported mixed second-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same. Both metrics increased year over year.
The company&#39;s performance was backed by notable improvements in revenue per available room, attributed to higher occupancy rates and average daily rates. As of June 30, 2024, Hilton&#39;s development pipeline comprised nearly 3,370 hotels, with almost 508,300 rooms across 136 countries and territories. For 2024, HLT expects net unit growth to be in the range of 7-7.5%.
<a href="https://www.zacks.com/stock/news/2334038/virco-s-q2-earnings-beat-estimates-revenues-miss-stock-falls?cid=CS-BENZ-FT-analyst_blog|earnings_article-2334038">To read this article on Zacks.com click here.</a>

Virco's Q2 Earnings Beat Estimates, Revenues Miss, Stock Falls

Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced earnings of $0.13, delivering a surprise of 200%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Virco Manufacturing, which belongs to the Zacks Furniture industry, posted revenues of $108.42 million for the quarter ended July 2024, missing the Zacks Consensus Estimate by 6.46%. This compares to year-ago revenues of $107.32 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Virco Manufacturing shares have added about 20.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 13.4%.
<h2>What&#39;s Next for Virco Manufacturing?</h2>
While Virco Manufacturing has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Virco Manufacturing: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $96.9 million in revenues for the coming quarter and $1.86 on $305.5 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, MillerKnoll (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>), is yet to report results for the quarter ended August 2024. The results are expected to be released on September 19.
This furniture maker is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +13.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
MillerKnoll&#39;s revenues are expected to be $892 million, down 2.8% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2333448/virco-manufacturing-corporation-virc-surpasses-q2-earnings-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2333448">To read this article on Zacks.com click here.</a>

WIIM

Virco Manufacturing shares are trading lower after the company reported worse-than-expected Q2 revenue results.

Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.00 by 4 percent. This is a 9.47 percent increase over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $108.42 million which missed the analyst consensus estimate of $115.91 million by 6.46 percent. This is a 1.02 percent increase over sales of $107.32 million the same period last year.

Earnings Misses

Virco Mfg Q2 EPS $1.04 Beats $1.00 Estimate, Sales $108.42M Miss $115.91M Estimate

Hooker Furniture (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hoft#NASDAQ">HOFT</a>) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -46.15%. A quarter ago, it was expected that this home furnishings company would post a loss of $0.03 per share when it actually produced a loss of $0.39, delivering a surprise of -1,200%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Hooker Furniture, which belongs to the Zacks Furniture industry, posted revenues of $95.08 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.65%. This compares to year-ago revenues of $97.81 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Hooker Furniture shares have lost about 40.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.7%.
<h2>What&#39;s Next for Hooker Furniture?</h2>
While Hooker Furniture has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hooker Furniture: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $106.38 million in revenues for the coming quarter and $0.01 on $403.85 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>), is yet to report results for the quarter ended July 2024.
This company is expected to post quarterly earnings of $1 per share in its upcoming report, which represents a year-over-year change of +5.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Virco Manufacturing Corporation&#39;s revenues are expected to be $115.9 million, up 8% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2331856/hooker-furniture-hoft-reports-q2-loss-tops-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2331856">To read this article on Zacks.com click here.</a>

HOFT

Hooker Furniture Reports Q2 Loss, Tops Revenue Estimates

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
<h2>Virco Manufacturing Corporation</h2>
Virco Mfg&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. VIRC is quite a good fit in this regard, gaining 48.8% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 32.3% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, VIRC is currently trading at 98.3% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in VIRC may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2313946/here-s-why-momentum-in-virco-manufacturing-virc-should-keep-going?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2313946">To read this article on Zacks.com click here.</a>

Here's Why Momentum in Virco Manufacturing Should Keep Going

MillerKnoll, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>) is set to release its fourth-quarter fiscal 2024 results on Jun 26, 2024, after market close. 
In the last reported quarter, the company&#39;s earnings topped the Zacks Consensus Estimate by 2.3% but decreased 16.7% year over year. However, net sales missed the consensus mark by 4.2% and declined 11.4% year over year. 
MillerKnoll&#39;s earnings topped the consensus mark in each of the last four quarters, the average surprise being 24.3%.
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for the company&#39;s fiscal fourth-quarter earnings per share has remained unchanged at 53 cents over the past 60 days. The current estimate suggests 29.3% growth from the year-ago quarter&#39;s reported EPS value of 41 cents. 
The consensus mark for net sales is $899.1 million, suggesting a 6% year-over-year decrease.
<h3>Factors to Note</h3>
MillerKnoll&#39;s net sales are expected to have declined year over year in the fiscal fourth quarter due to a notable decline in sales volume on the back of the soft North American housing market, along with challenging macroeconomic conditions in Europe and China. The ongoing uncertainty in the economy is likely to have affected its top line. 
For the fiscal fourth quarter, the company expects net sales between $880 million and $920 million, down from $956.7 million on a year-over-year basis. 
Nonetheless, the realization of price optimization strategies, improved freight, distribution and inventory management and benefits from its ongoing synergy efforts are likely to have driven margins. MLKN projects an adjusted gross margin within the 38.1-39.1% range for the quarter, up from 37% from the previous year. 
Operating expenses are expected to be in the range of $274-$284 million, down from $343.1 million reported a year ago. The company expects diluted adjusted EPS in the range of 49-57 cents for the quarter, up 29% from the year-ago quarter. 
That said, a diversified business model, along with a solid brand portfolio and customer segments and geographies, provide risk diversification and opportunities for growth.
<h3>What Our Quantitative Model Predicts</h3>
Our proven model does not conclusively predict an earnings beat for MLKN this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here, as you will see below. 
Earnings ESP: The company has an Earnings ESP of 0.00%. 
Zacks Rank: MillerKnoll currently carries a Zacks Rank #3.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the Zacks Furniture industry: 
La-Z-Boy Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>) presently flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 15.3%, on average. 
The consensus estimate for LZB&#39;s fiscal 2025 EPS indicates an improvement of 5% from the prior-year levels. The estimated figure moved up to $3.13 from $2.80 over the past seven days. 
SharkNinja Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sn#NYSE">SN</a>) presently flaunts a Zacks Rank #1. It has a trailing three-quarter earnings surprise of 12.2%, on average. 
The consensus estimate for SN&#39;s 2024 EPS indicates an improvement of 18.6% from the prior-year levels. The estimated figure moved up to $3.82 from $3.54 over the past 60 days. 
Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) presently flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 74.9%, on average. 
The consensus estimate for VIRC&#39;s fiscal 2025 EPS indicates an improvement of 38.8% from the prior-year levels. The estimated figure moved up to $1.86 from $1.60 over the past 30 days.
<a href="https://www.zacks.com/stock/news/2293092/millerknoll-mlkn-to-report-q4-earnings-what-s-in-store?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2293092">To read this article on Zacks.com click here.</a>

MillerKnoll to Report Q4 Earnings: What's in Store?

Wedbush analyst Jay McCanless maintains Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) with a Outperform and raises the price target from $16 to $19.

Price Target

Wedbush Maintains Outperform on Virco Mfg, Raises Price Target to $19

<h3>Gainers</h3>
<ul>
<li>New Horizon Aircraft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares moved upwards by 41.0% to $1.01 during Monday's regular session. The market value of their outstanding shares is at $18.4 million. </li>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) stock rose 24.19% to $0.19. The market value of their outstanding shares is at $12.0 million. </li>
<li>Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) stock increased by 19.4% to $15.75. The market value of their outstanding shares is at $257.4 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Silynxcom (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#AMEX">SYNX</a>) shares rose 17.41% to $2.63. The company's market cap stands at $13.8 million. </li>
<li>FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) shares rose 16.19% to $1.01. The market value of their outstanding shares is at $456.4 million. The company's, Q2 earnings came out today. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) stock increased by 16.08% to $0.32. The company's market cap stands at $59.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares decreased by 29.9% to $0.5 during Monday's regular session. The market value of their outstanding shares is at $2.9 million. </li>
<li>JE Cleantech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCSE#NASDAQ">JCSE</a>) shares declined by 14.05% to $1.04. The market value of their outstanding shares is at $5.2 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock decreased by 13.51% to $1.5. The company's market cap stands at $130.7 million. The company's, Q1 earnings came out yesterday. </li>
<li>YY Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYGH#NASDAQ">YYGH</a>) shares declined by 12.5% to $0.84. The market value of their outstanding shares is at $28.9 million. </li>
<li>Montana Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRJ#NASDAQ">AIRJ</a>) shares declined by 10.84% to $9.71. The company's market cap stands at $522.6 million. </li>
<li>Multi Ways Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) shares fell 10.12% to $0.39. The market value of their outstanding shares is at $12.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's Intraday Session

Virco Manufacturing Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 200%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.14, delivering a surprise of -7.69%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Virco Manufacturing, which belongs to the Zacks Furniture industry, posted revenues of $46.74 million for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 23.97%. This compares to year-ago revenues of $34.94 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Virco Manufacturing shares have lost about 9.7% since the beginning of the year versus the S&amp;P 500&#39;s gain of 12.2%.
What&#39;s Next for Virco Manufacturing?
While Virco Manufacturing has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Virco Manufacturing: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1 on $115.9 million in revenues for the coming quarter and $1.60 on $296.5 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
La-Z-Boy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lzb#NYSE">LZB</a>), another stock in the same industry, has yet to report results for the quarter ended April 2024. The results are expected to be released on June 17.
This furniture company is expected to post quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of -31.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
La-Z-Boy&#39;s revenues are expected to be $518.8 million, down 7.6% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2285355/virco-manufacturing-corporation-virc-beats-q1-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2285355">To read this article on Zacks.com click here.</a>

Virco Manufacturing Corporation Beats Q1 Earnings and Revenue Estimates

<h3>Gainers</h3>
<ul>
<li>Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) shares increased by 17.9% to $12.81 during Friday's regular session. The company's market cap stands at $209.4 million. As per the news, the Q1 earnings report came out today. </li>
<li>Montana Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRJ#NASDAQ">AIRJ</a>) stock increased by 13.78% to $11.64. The market value of their outstanding shares is at $626.5 million. </li>
<li>SunPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares rose 12.71% to $3.9. The company's market cap stands at $684.3 million. </li>
<li>ZKH Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) shares moved upwards by 11.31% to $12.0. The market value of their outstanding shares is at $1.9 billion. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) shares rose 10.61% to $1.25. The company's market cap stands at $53.6 million. </li>
<li>Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) stock rose 10.18% to $76.19. The company's market cap stands at $1.0 billion. The company's, Q1 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) stock declined by 17.9% to $1.24 during Friday's regular session. The market value of their outstanding shares is at $9.2 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock decreased by 17.25% to $0.16. The company's market cap stands at $10.6 million. </li>
<li>Concrete Pumping Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) stock fell 13.42% to $6.52. The company's market cap stands at $351.2 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares decreased by 13.41% to $0.71. The market value of their outstanding shares is at $4.1 million. </li>
<li>Jayud Global Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) stock declined by 13.23% to $0.55. The company's market cap stands at $11.7 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) shares fell 12.28% to $0.96. The company's market cap stands at $79.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Intraday Session

Virco Manufacturing Q1 EPS $0.13 Up From $(0.09) YoY; Net Sales $46.735M Up From $34.943M YoY

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Shares of companies within the broader materials sector are trading lower amid overall market weakness.

<h3>Gainers</h3>
<ul>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) stock moved upwards by 14.4% to $1.71 during Monday's regular session. The market value of their outstanding shares is at $605.2 million. </li>
<li>Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) stock moved upwards by 14.08% to $4.05. The company's market cap stands at $103.5 million. </li>
<li>Encore Wire (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIRE#NASDAQ">WIRE</a>) stock rose 11.76% to $291.68. The company's market cap stands at $4.6 billion. </li>
<li>JE Cleantech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCSE#NASDAQ">JCSE</a>) shares moved upwards by 8.93% to $0.78. The company's market cap stands at $3.9 million. </li>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) stock moved upwards by 8.17% to $9.4. The market value of their outstanding shares is at $77.2 million. As per the news, the Q4 earnings report came out today. </li>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELAP#NASDAQ">XELAP</a>) stock moved upwards by 8.09% to $1.89. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) shares declined by 31.4% to $9.1 during Monday's regular session. The company's market cap stands at $61.8 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares decreased by 28.46% to $0.37. The company's market cap stands at $18.2 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) stock declined by 21.42% to $0.49. The company's market cap stands at $39.5 million. </li>
<li>Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) stock declined by 16.56% to $9.93. The company's market cap stands at $162.3 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares fell 13.36% to $2.4. The company's market cap stands at $196.4 million. </li>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) shares fell 11.74% to $2.86. The market value of their outstanding shares is at $28.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Virco Mfg. Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>), the leading manufacturer and supplier of moveable furniture and equipment for educational environments in the United States, today reported financial results for the fourth quarter and full fiscal year ended January 31, 2024.
Net revenue for the full year ended January 31, 2024 increased 16.5% to $269.1 million from $231.1 million in the prior year. For the seasonally light fourth quarter, revenue increased 9.8% to $42.6 million from $38.8 million.
For the full year, the Company's domestically-based vertical business model continued to support timely delivery of highly seasonal school furniture, approximately 50% of which is installed during the summer months of June through August, when schools are out of session. This seasonality creates operational, logistical, and financing challenges for the school furniture market. Virco's 74-year history of serving public and private schools, along with its experienced workforce—40% of whom have over twenty years' service with the Company—has resulted in an integrated strategy that combines reliable customer service with good control of the order-to-cash cycle. At fiscal year-end, other than a small mortgage on one of its Conway, Arkansas facilities, the Company was effectively debt-free, having emerged from the pandemic financially stronger than in 2019.
Gross margin for the full year improved to 43.1% compared to 36.9% in the prior year. For the seasonally light fourth quarter, gross margin improved to 37.7% vs. 33.5% in the prior year. The improved gross margin was due to stabilizing raw material costs and operating efficiencies generated by higher overall volume.
Selling, General, and Administrative expenses for the full year declined to 31.3% of revenue compared to 32.3% in the prior year. Demand for the Company's PlanSCAPE project-management services continued to grow, along with more traditional full service delivery and installation—all of which are part of Virco's vertically integrated sales, manufacturing, and service model. The Company estimates that over two-thirds of its revenue now includes some degree of enhanced services, continuing a trajectory that began over twenty years ago. The control offered by this vertical model, which provides better visibility than more fragmented models, allowed the Company to modulate its inventories and borrowings despite the uncertainties and disruptions in the supply chain over the past few years.
Operating Income for the full year ended January 31, 2024 was $31.9 million compared to $10.6 million the prior year. Interest expense as a percent of revenue was 1.0% compared to 0.9% the prior year, due to higher interest rates. Overall borrowing under the Company's seasonal working capital revolver was substantially lower despite the growth in shipments, allowing the Company to completely pay down its credit facility at year end. Other than a small mortgage on one of its Arkansas facilities, Virco was effectively debt-free as of this press release. Management fully expects to utilize its revolving credit facility during the peak summer season, but it also views the Company's strong financial position as essential to providing continuity of service to schools as well as a balanced portfolio of returns to investors.
Total Net Income after taxes for the full year was $21.9 million compared to $16.5 million the prior year. This comparison includes the reversal last year of an $8.5 million valuation allowance for potentially un-recoverable net operating loss (NOL) tax credits. Because of this, Management believes the most accurate comparison of year-over-year operating performance is Net Income before Taxes, which reached $29.2 million in FYE 1.31.24. This compares to $8.0 million in the prior year, a more than three-fold improvement.
Looking forward, Management notes that its preferred early-season measure of business velocity: "Shipments + Backlog" exceeded $317.6 million at year end, compared to $289.6 million FYE 1.31.23. Management uses this non-GAAP metric to plan production, staffing, and borrowings ahead of the busy summer delivery season, when the metric, which is heavily weighted toward backlog in the offseason, converts to shipments and receivables. This seasonal transition is of sufficient magnitude to represent an obvious burden on financing, but also on the systems and people who manage it. The Company has developed these systems, many of which are proprietary and not available "off the shelf," over its continuous 74-year history of serving America's public and private schools.
Commenting on the year's results, Virco Chairman and CEO Robert Virtue said: "While we are extremely pleased with last year's results, we've been at this long enough to know that markets and competition are always evolving. We have meaningful opportunities and challenges ahead of us, but I feel confident in our ability to address these with the same discipline and optimism that we've exhibited over our 74-year history. I also want to thank our loyal investors, whose support made it possible to realize the vision of our long-term strategy. A visit to our factories, or to one the thousands of schools that we furnished last year, will validate the qualitative elements of our strategy. Good jobs and good schools: two things we're honored to support."

Virco Reports Full Year Revenue Increased 16.5% To $269.1M

<h3>What Defines a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) - P/E: 8.73</li>
<li>Marine Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPX#NYSE">MPX</a>) - P/E: 8.79</li>
<li>Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) - P/E: 7.6</li>
<li>Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) - P/E: 5.32</li>
<li>Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) - P/E: 8.61</li>
</ol>
eBay has been featured as a value stock. eBay's Q3 EPS sits at $1.03, which has not changed since last quarter (Q2). The company's most recent dividend yield sits at 2.56%, which has increased by 0.49% from 2.07% last quarter. 
Marine Prods's earnings per share for Q4 sits at $0.16, whereas in Q3, they were at 0.3. Its most recent dividend yield is at 5.07%, which has increased by 0.81% from 4.26% in the previous quarter.
Aptiv saw an increase in earnings per share from 1.3 in Q3 to $1.4 now. Its most recent dividend yield is at 0.97%, which has decreased by 0.01% from 0.98% in the previous quarter.
Virco Mfg's earnings per share for Q3 sits at $0.62, whereas in Q2, they were at 0.95. Its most recent dividend yield is at 1.4%, which has decreased by 0.06% from 1.46% in the previous quarter.
Hibbett's earnings per share for Q3 sits at $2.05, whereas in Q2, they were at 0.85. Its most recent dividend yield is at 1.87%, which has decreased by 0.48% from 2.35% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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A Look Into Consumer Cyclical Sector Value Stocks

Shares of Take-Two Interactive Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) fell sharply during Friday&rsquo;s session following third-quarter results.
Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company also revised its 2024 net bookings forecast to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier.
Take-Two Interactive Software shares dipped 8.8% to $154.69 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) shares jumped 267% to $0.1990. Sunworks and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware.</li>
<li>TOP Financial Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/top#NASDAQ">TOP</a>) gained 87.55% to $6.13.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares climbed 66% to $0.1932 after the company disclosed completion of financing to support restructuring process.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) jumped 47.3% to $4.24 following second-quarter results.</li>
<li>TC Biopharm (Holdings) Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbp#NASDAQ">TCBP</a>) shares climbed 46% to $1.6099 after jumping over 16% on Thursday.</li>
<li>Intelligent Living Application Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilag#NASDAQ">ILAG</a>) gained 45.5% to $0.6851 after surging around 24% on Thursday.</li>
<li>Green Giant Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gge#NASDAQ">GGE</a>) shares rose 44.4% to $0.0535 after gaining 25% on Thursday.</li>
<li>Better Choice Company Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bttr#NYSE">BTTR</a>) gained 35% to $0.2379. Better Choice acquired Aimia Pet Healthco.</li>
<li>Masonite International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/door#NYSE">DOOR</a>) surged 34.5% to $129.99 after Owens Corning announced it will acquire the company for $3.9 billion.</li>
<li>Cloudflare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) rose 23.5% to $111.49 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) shares gained 22% to $12.81 after the company reported a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnta#NASDAQ">CNTA</a>) climbed 20.5% to $8.99. Centessa Pharmaceuticals will present additional 52-weeks continuous treatment data from third year ongoing Phase 2a study of SerpinPC for treatment of hemophilia at 17th Annual Congress of European Association for Haemophilia and Allied Disorders.</li>
<li>IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>) gained 19.2% to $15.44.</li>
<li>Streamline Health Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strm#NASDAQ">STRM</a>) rose 18.8% to $0.4814.</li>
<li>Natural Grocers by Vitamin Cottage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngvc#NYSE">NGVC</a>) gained 18.2% to $17.51 following quarterly results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) rose 15.7% to $5.79. Soho House announced its board evaluated certain strategic transactions in the fall of 2023.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) gained 13.1% to $5.77.</li>
<li>Matrix Service Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtrx#NASDAQ">MTRX</a>) rose 13.1% to $12.82.</li>
<li>Terns Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tern#NASDAQ">TERN</a>) gained 12.6% to $7.07.</li>
<li>Central Garden &amp; Pet Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cent#NASDAQ">CENT</a>) rose 10.4% to $43.03. Central Garden &amp; Pet reported better-than-expected first-quarter financial results.</li>
<li>Impinj, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) gained 10.2% to $117.18 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocul#NASDAQ">OCUL</a>) rose 8.2% to $5.44. B of A Securities analyst Tazeen Ahmad initiated coverage on Ocular Therapeutix with a Buy rating and announced a price target of $15.</li>
<li>Mueller Water Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) gained 8% to $14.99 following upbeat results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Synlogic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sybx#NASDAQ">SYBX</a>) fell 53.3% to $1.61 after the company announced it will discontinue Synpheny-3, cease operations and reduce its workforce by more than 90%.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) shares fell 52.7% to $9.34 after the company said it expects fourth-quarter net sales to be roughly $454 million to $456 million, versus its prior guidance of $460 million to $465 million, and below the estimate of $462.88 million.</li>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) fell 33.7% to $2.4882 after the company announced a proposed public offering.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) declined 33.5% to $8.62.</li>
<li>EMCORE Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/emkr#NASDAQ">EMKR</a>) fell 32% to $0.4275 after posting weak quarterly results.</li>
<li>MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) declined 31% to $0.7172.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares fell 30% to $0.3791 after climbing over 96% on Thursday.</li>
<li>Lantronix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltrx#NASDAQ">LTRX</a>) fell 28.8% to $4.1350 following weak sales.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares declined 27.4% to $20.81 after jumping over 59% on Thursday. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.</li>
<li>eGain Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egan#NASDAQ">EGAN</a>) fell 24.4% to $5.77 following second-quarter results.</li>
<li>AMC Networks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) declined 19.1% to $13.78 following weak earnings.</li>
<li>Virco Mfg. Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) dipped 18.6% to $9.48.</li>
<li>Expedia Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) declined 17.6% to $131.38 after the company reported fourth-quarter financial results and named Ariane Gorin as CEO.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) fell 12.3% to $7.50.</li>
<li>Newell Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwl#NASDAQ">NWL</a>) declined 11.8% to $7.45 following quarterly results.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) shares declined 11.4% to $36.07. Pinterest reported upbeat earnings for its fourth quarter, while sales missed estimates. The company said it sees first-quarter revenue in the range of $690 million to $705 million versus estimates of $702.36 million.</li>
<li>BILL Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>) fell 11% to $67.40 following quarterly results.</li>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) shares fell 10.6% to $43.98 after the company reported second-quarter financial results.</li>
<li>IBEX Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibex#NASDAQ">IBEX</a>) fell 10.2% to $15.61.</li>
<li>Sensient Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxt#NYSE">SXT</a>) fell 9.6% to $56.62 following weak earnings.</li>
<li>Owens Corning (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oc#NYSE">OC</a>) fell 6.9% to $148.43 after the company announced an agreement to acquire Masonite for $3.9 billion.</li>
<li>Magna International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>) declined 6.5% to $54.89 after the company reported mixed quarterly results.</li>
<li>Illumina, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilmn#NASDAQ">ILMN</a>) shares declined 2.7% to $139.45 following fourth-quarter results.</li>
</ul>
&nbsp;
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Why Take-Two Interactive Software Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Friday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Sunworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNW#NASDAQ">SUNW</a>) stock moved upwards by 155.5% to $0.14 during Friday's regular session. The market value of their outstanding shares is at $7.8 million. </li>
<li>Intelligent Living (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) shares rose 58.8% to $0.75. The market value of their outstanding shares is at $13.4 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares moved upwards by 24.63% to $1.72. The market value of their outstanding shares is at $1.5 million. </li>
<li>Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) stock moved upwards by 19.84% to $4.53. The company's market cap stands at $132.3 million. </li>
<li>Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares rose 19.37% to $1.12. The market value of their outstanding shares is at $4.7 million. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) shares moved upwards by 19.25% to $1.11. The company's market cap stands at $42.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) shares decreased by 20.1% to $9.3 during Friday's regular session. The company's market cap stands at $152.0 million. </li>
<li>Roma Green Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROMA#NASDAQ">ROMA</a>) shares fell 17.55% to $0.94. The market value of their outstanding shares is at $9.7 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) stock decreased by 14.1% to $0.1. The market value of their outstanding shares is at $13.3 million. </li>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) shares declined by 12.04% to $4.02. The market value of their outstanding shares is at $27.3 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares fell 11.57% to $1.07. The company's market cap stands at $28.3 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) stock fell 11.08% to $0.72. The market value of their outstanding shares is at $6.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>Jakks Pacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) - P/E: 3.78</li>
<li>Virco Mfg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRC#NASDAQ">VIRC</a>) - P/E: 6.86</li>
<li>Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) - P/E: 8.69</li>
<li>Miller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLR#NYSE">MLR</a>) - P/E: 9.07</li>
<li>Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) - P/E: 8.94</li>
</ol>
Most recently, Jakks Pacific reported earnings per share at $4.75, whereas in Q2 earnings per share sat at $1.26. Virco Mfg saw a decrease in earnings per share from 0.95 in Q2 to $0.62 now. The company's most recent dividend yield sits at 1.4%, which has decreased by 0.06% from 1.46% last quarter. 
Most recently, Allison Transmission reported earnings per share at $1.76, whereas in Q2 earnings per share sat at $1.92. Most recently, the company reported a dividend yield of 1.79%, which has increased by 0.24% from last quarter's yield of 1.55%.
Miller Industries saw an increase in earnings per share from 1.29 in Q2 to $1.52 now. Most recently, the company reported a dividend yield of 1.93%, which has increased by 0.02% from last quarter's yield of 1.91%.
Shoe Carnival saw an increase in earnings per share from 0.71 in Q2 to $0.8 now. Most recently, the company reported a dividend yield of 1.64%, which has decreased by 0.51% from last quarter's yield of 2.15%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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5 Value Stocks To Watch In The Consumer Cyclical Sector

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Virco Manufacturing raises dividend by 25% to $0.025

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Thinking about buying stock in Mullen Automotive, BioLine RX, Research Solutions, Euroseas, or Virco Mfg?

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