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

Steelcase

21/09/2022 22:02

* 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
13 cents per share.
    * Revenue rose 19.1% to $863.30 million from a year ago;
analysts
expected $882.75 million. 
    * Steelcase Inc's reported EPS for the quarter was 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 44.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Steelcase Inc shares had fallen by 12.8% this quarter and
lost 20.1% so far this year.
    * The company reported quarterly net income of $19.6
million.
    * Wall Street's median 12-month price target for Steelcase
Inc is
$14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data September
21 at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2022      0.13           0.21           Beat
 May. 31 2022      -0.18          -0.05          Beat
 Feb. 28 2022      0.00           -0.02          Missed
 Nov. 30 2021      0.09           0.08           Missed