Steelcase Inc expected to post earnings of 11  cents a share - Earnings Preview

Steelcase

20/03/2023 21:36

* Steelcase Inc  SCS.N   SCS  is expected to show a fall in
quarterly revenue when it reports  results on March 22. 
    * The Grand Rapids Michigan-based  company is expected to
report 
a 0.2% decrease in revenue to $751.375 million from $753.1
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
December 19 2022, for the period ended February 28, was for
revenue between $740.00 million and $765.00 million.
    * ​Refinitiv's mean analyst estimate for Steelcase Inc is
for
earnings of 11 cents per share. The company's EPS guidance on
December 19 2022, for the period ended February 28, was between
$0.11 and $0.15 
    * 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
$9​, above​ its last closing price of $7.16. ​​​

The company's guidance on December 19 2022 for the period ended
February 28 was for gross profit margin of USD29%.
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 2022  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. 28 2022  0.00        0.00       -0.02     Missed  -600
 ​​Nov.        0.09        0.09       0.08      Missed  -11.1
 30 2021                                                
 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
 This summary was machine generated March 20 at 21:36 GMT.  All
figures in US dollars  unless otherwise stated