Steelcase Inc expected to post earnings of 23 cents a share - Earnings Preview

Steelcase

15/12/2023 21:21

* Steelcase Inc  SCS.N   SCS  is expected to show a fall in
quarterly revenue when it reports  results on December 19 for
the period ending August 31 2023
    * The Grand Rapids Michigan-based  company is expected to
report a
3.7% decrease in revenue to $796.425 million from $826.9 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on September 20 2023,
for the period ended November 30, was for revenue between
$780.00 million and $805.00 million.
    * ​LSEG's mean analyst estimate for Steelcase Inc is for
earnings
of 23 cents per share. The company's EPS guidance on September
20 2023, for the period ended November 30, was between $0.23 and
$0.27 
    * 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
$11.38​, below​ its last closing price of $12.88. ​​​

The company's guidance on September 20 2023 for the period ended
November 30 was for gross profit margin of USD32%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2022  0.18        0.18       0.20      Beat    11.1
 ​​Aug.        0.13        0.13       0.21      Beat    64.7
 31 2022                                                
 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
 This summary was machine generated December 15 at 21:21 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)