Steelcase Inc expected to post earnings of 20  cents a share - Earnings Preview

Steelcase

15/09/2023 21:05

* Steelcase Inc  SCS.N   SCS  is expected to show a fall in
quarterly revenue when it reports  results on September 19. 
    * The Grand Rapids Michigan-based  company is expected to
report 
a 4.0% decrease in revenue to $828.825 million from $863.3
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
June 21 2023, for the period ended August 31, was for revenue
between $815.00 million and $840.00 million.
    * ​Refinitiv's mean analyst estimate for Steelcase Inc is
for
earnings of 20 cents per share. The company's EPS guidance on
June 21 2023, for the period ended August 31, was between $0.19
and $0.23 
    * 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
$10.25​, above​ its last closing price of $8.91. ​​​

The company's guidance on June 21 2023 for the period ended
August 31 was for gross profit margin of USD31.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 May. 31 2023  0.01        0.01       0.09      Beat    620
 Feb. 28 2023  0.11        0.11       0.19      Beat    72.7
 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.        -0.18       -0.18      -0.05     Beat    72.5
 31 2022                                                
 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
 This summary was machine generated September 15 at 20:05 GMT. 
All figures in US dollars  unless otherwise stated