Steelcase Inc expected to post earnings of 24 cents a share - Earnings Preview

Steelcase

20/09/2021 21:05

* Steelcase Inc  SCS.N   SCS  is expected to show a fall in
quarterly revenue when it reports results on September 22. 
* The Grand Rapids, Michigan-based company is expected to report
 a 6.7% decrease in revenue to $763.625 million from $818.8
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Steelcase Inc is for
earnings of 24 cents per share. For the same quarter last year,
the company reported earnings of 55 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 $18​, about 24.2% above​ its last closing price
of $13.64. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 May. 31 2021  -0.31       -0.31      -0.24     Beat    21.7
 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
 May.          -0.14​      -0.14      -0.18     Missed  -31.7​
 31​ 2020​                                              
 Feb. 29 2020  0.32        0.32       0.39      Beat    21.9​
 Nov. 30 2019  0.35        0.35       0.46      Beat    31.4
 Aug. 31 2019  0.43        0.43       0.50      Beat    16.3
 This summary was machine generated September 20 at 20:05 GMT. 
All figures in US dollars unless otherwise stated