Steelcase Inc reports results for the quarter ended in August - Earnings Summary

Steelcase

23/09/2021 07:18

* Steelcase Inc  SCS.N  reported quarterly adjusted earnings of
21 cents​​ per share for the quarter ended in August. The mean
expectation of four analysts for the quarter was for earnings of
23 cents per share.
* Revenue fell 11.5% to $724.80 million from a year ago; 
analysts expected $761.33 million. 
* Steelcase Inc's reported EPS for the quarter was 21 cents​.
* The mean earnings estimate of analysts had risen by about 3.4%
in the last three months.​ 
* In the last 30 days two analysts negatively revised earnings
estimates 
* Steelcase Inc shares had fallen by 11.6% this quarter and
lost 1.5% so far this year.
* The company reported quarterly net income of $24.7 million.
* Wall Street's median 12-month price target for Steelcase Inc
is $18.00 
* 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." 
This summary was machine generated September 23 at 06:18 a.m.
 ​All figures in US dollars unless otherwise stated