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

Steelcase

22/03/2023 21:02

* Steelcase Inc  SCS.N  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in February. The mean
expectation of four analysts for the quarter was for earnings of
11 cents per share.
    * Revenue rose 6.5% to $801.70 million from a year ago;
analysts
expected $751.38 million. 
    * Steelcase Inc's reported EPS for the quarter was 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Steelcase Inc shares had risen by 3.4% this quarter.
    * The company reported quarterly net income of $15.7
million.
    * Wall Street's median 12-month price target for Steelcase
Inc is
$9.00 
    * 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
March 22 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 28 2023      0.11           0.19           Beat
 Nov. 30 2022      0.18           0.20           Beat
 Aug. 31 2022      0.13           0.21           Beat
 May. 31 2022      -0.18          -0.05          Beat