Steelcase Inc expected to post earnings of 13cents a share - Earnings Preview

Steelcase

19/09/2022 21:47

* Steelcase Inc  SCS.N   SCS  is expected to show a rise in
quarterly revenue when it reports  results on September 21. 
    * The Grand Rapids Michigan-based  company is expected to
report 
a 21.8% increase in revenue to $882.75 million from $724.8
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
June 22 2022, for the period ended August 31, was for revenue
between $875 million and $900 million.
    * ​Refinitiv's mean analyst estimate for Steelcase Inc is
for
earnings of 13 cents per share. The company's EPS guidance on
June 22 2022, for the period ended August 31, was between $0.11
and $0.15 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"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
$14​, above​ its last closing price of $9.27. ​​​

  
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 May. 31 2022  -0.18       -0.18      -0.05     Beat    72.5
 Feb. 28 2022  0.00        0.00       -0.02     Missed  -600
 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.        -0.31       -0.31      -0.24     Beat    21.7
 31 2021                                                
 Feb. 28 2021  -0.01       -0.01      0.06      Beat    999.6​
 Nov. 30 2020  0.03        0.03       0.08      Beat    166.7
 Aug. 31 2020  0.46        0.37       0.55      Beat    48.6
 This summary was machine generated September 19 at 20:47 GMT. 
All figures in US dollars  unless otherwise stated