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

Steelcase

21/06/2023 22:02

* Steelcase Inc  SCS.N  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in May. The mean
expectation of four analysts for the quarter was for earnings of
one cent per share.
    * Revenue rose 1.5% to $751.90 million from a year ago;
analysts
expected $718.15 million. 
    * Steelcase Inc's reported EPS for the quarter was 1 cent​.
    * The mean earnings estimate of analysts had risen by
about 400%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Steelcase Inc shares had fallen by 12.4% this quarter and
gained 4.4% so far this year.
    * The company reported quarterly net income of $1.5 million.
    * Wall Street's median 12-month price target for Steelcase
Inc is
$10.80 
    * 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 June
21 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.01           0.09           Beat
 Feb. 28 2023      0.11           0.19           Beat
 Nov. 30 2022      0.18           0.20           Beat
 Aug. 31 2022      0.13           0.21           Beat