Steelcase Inc reports results for the quarter ended November 30 - Earnings Summary

Steelcase

18/12/2024 22:01

* Steelcase Inc  SCS.N  reported quarterly adjusted earnings
of 30
cents​​ per share for the quarter ended November 30, identical
to the same quarter last year.  The mean expectation of
five analysts for the quarter was for earnings of 22 cents per
share. Wall Street expected results to range from 21 cents to 23
cents per share.
    * Revenue rose 2.2% to $794.90 million from a year ago;
analysts
expected $800.58 million. 
    * Steelcase Inc's reported EPS for the quarter was 16
cents​.
    * The company reported quarterly net income of $19.1
million.
    * Steelcase Inc shares had fallen by 3.3% this quarter and
lost 3.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 
This summary was machine generated from LSEG data December 18 at
10:01 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
 Nov. 30 2024      0.22           0.30           Beat
 Aug. 31 2024      0.37           0.39           Beat
 May. 31 2024      0.10           0.16           Beat
 Feb. 29 2024      0.21           0.23           Beat