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

Steelcase

19/09/2023 23:26

* Steelcase Inc  SCS.N  reported quarterly adjusted earnings
of 31
cents​​ per share for the quarter ended in August. The mean
expectation of four analysts for the quarter was for earnings of
20 cents per share.
    * Revenue fell 1% to $854.60 million from a year ago;
analysts
expected $828.83 million. 
    * Steelcase Inc's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Steelcase Inc shares had risen by 13.4% this quarter and
gained 23.6% so far this year.
    * The company reported quarterly net income of $27.5
million.
    * Wall Street's median 12-month price target for Steelcase
Inc is
$10.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
September 19 at 10:26 p.m. UTC. ​All figures in US dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.20           0.31           Beat
 May. 31 2023      0.01           0.09           Beat
 Feb. 28 2023      0.11           0.19           Beat
 Nov. 30 2022      0.18           0.20           Beat