Steelcase Inc expected to post earnings of 1 cent a share - Earnings Preview

Steelcase

19/06/2023 21:09

* Steelcase Inc  SCS.N   SCS  is expected to show a fall in
quarterly revenue when it reports  results on June 21. 
    * The Grand Rapids Michigan-based  company is expected to
report 
a 3.0% decrease in revenue to $718.15 million from $740.7
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
March 22 2023, for the period ended May 31, was for revenue
between $710.00 million and $735.00 million.
    * ​Refinitiv's mean analyst estimate for Steelcase Inc is
for
earnings of 1 cent per share. The company's EPS guidance on
March 22 2023, for the period ended May 31, was between $0.01
and $0.05 
    * The one available analyst rating on the shares is
"hold".  
    * 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
$10.8​, above​ its last closing price of $7.36. ​​​

The company's guidance on March 22 2023 for the period ended May
31 was for gross profit margin of USD29.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Feb. 28 2023  0.11        0.11       0.19      Beat    72.7
 Nov. 30 2023  0.18        0.18       0.20      Beat    11.1
 Aug. 31 2022  0.13        0.13       0.21      Beat    64.7​
 May. 31 2022  -0.18       -0.18      -0.05     Beat    72.5
 ​​Feb.        0.00        0.00       -0.02     Missed  -600
 28 2022                                                
 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
 This summary was machine generated June 19 at 20:09 GMT.  All
figures in US dollars  unless otherwise stated