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

Steelcase

22/06/2022 22:01

* Steelcase Inc  SCS.N  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in May. The mean
expectation of five analysts for the quarter was for a loss
of 18 cents per share.
    * Revenue rose 33.1% to $740.70 million from a year ago; 
analysts
expected $690.94 million. 
    * Steelcase Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The mean earnings estimate of analysts had fallen by
about 160%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Steelcase Inc shares had fallen by 12.6% this quarter and
lost 10.9% so far this year.
    * The company reported a quarterly loss of $11.4 million.
    * Wall Street's median 12-month price target for Steelcase
Inc is
$15.50 
    * 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 June 22 at 09:01 p.m.  ​All
figures in US dollars unless otherwise stated