Steelcase Inc reports results for the quarter ended May 31 - Earnings Summary

Steelcase

25/06/2025 22:01

Steelcase Inc SCS.N reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 16 cents.  The mean expectation of four analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 10 cents to 16 cents per share.

Revenue rose 7.1% to $779.00 million from a year ago; analysts expected $762.43 million.

Steelcase Inc's reported EPS for the quarter was 11 cents​.

The company reported quarterly net income of $13.6 million.

Steelcase Inc shares had fallen by 1.2% this quarter and lost 8.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 24% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support supplies peer group is also "buy"

Wall Street's median 12-month price target for Steelcase Inc is $16.00, about 33.6% above its last closing price of $10.62

This summary was machine generated from LSEG data June 25 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
May. 31 2025
0.13
0.20
Beat
Feb. 28 2025
0.21
0.26
Beat
Nov. 30 2024
0.22
0.30
Beat
Aug. 31 2024
0.37
0.39
Beat