Steelcase Inc expected to post breakeven results a share - Earnings Preview

Steelcase

21/03/2022 20:08

* Steelcase Inc  SCS.N   SCS  is expected to show a rise in
quarterly revenue when it reports  results on March 21
(estimated). 
    * The Grand Rapids Michigan-based  company is expected to
report 
a 11.2% increase in revenue to $752.7 million from $677.1
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Steelcase Inc is
for
breakeven results per share. For the same quarter last year, the
company reported earnings of 6 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Steelcase
Inc is
$15​, above​ its last closing price of $12.36. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Nov. 30 2021  0.09        0.09       0.08      Missed  -11.1
 Aug. 31 2021  0.21        0.23       0.21      Missed  -7.7
 May. 31 2021  -0.31       -0.31      -0.24     Beat    21.7​
 Feb. 28 2021  -0.01       -0.01      0.06      Beat    999.6
 ​​Nov.        0.03        0.03       0.08      Beat    166.7
 30 2020                                                
 Aug. 31 2020  0.46        0.37       0.55      Beat    48.6​
 May. 31 2020  -0.14       -0.14      -0.18     Missed  -31.7
 Feb. 29 2020  0.32        0.32       0.39      Beat    21.9
 This summary was machine generated March 21 at 20:08 GMT.  All
figures in US dollars  unless otherwise stated