Steelcase Inc expected to post earnings of 21 cents a share - Earnings Preview

Steelcase

18/03/2024 20:30

* Steelcase Inc  SCS.N   SCS  is expected to show a fall in
quarterly revenue when it reports  results on March 20 for the
period ending February 29 2024
    * The Grand Rapids Michigan-based  company is expected to
report a
2.7% decrease in revenue to $780.25 million from $801.7 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on December 19 2023,
for the period ended February 29, was for revenue between
$765.00 million and $790.00 million.
    * ​LSEG's mean analyst estimate for Steelcase Inc is for
earnings
of 21 cents per share. The company's EPS guidance on December 19
2023, for the period ended February 29, 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
$13.38​, above​ its last closing price of $12.78. ​​​

The company's guidance on December 20 2023 for the period ended
February 29 was for gross profit margin of USD31.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  0.23        0.23       0.30      Beat    33.3
 Aug. 31 2023  0.20        0.20       0.31      Beat    57
 May. 31 2023  0.01        0.01       0.09      Beat    620​
 Feb. 28 2023  0.11        0.11       0.19      Beat    72.7
 ​​Nov.        0.18        0.18       0.20      Beat    11.1
 30 2022                                                
 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
 This summary was machine generated March 18 at 20:30 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)