Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
It's time to get ready for Steelcase earnings!
Don't be caught off-guard: Steelcase (NYSE:SCS) releases its next round of earnings December 19. Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for Tuesday's quarter reporting earnings announcement after the bell.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Earnings and Revenue
Analysts are predicting Steelcase will report earnings of 23 cents per share on revenue of $799 million.
In the same quarter last year, Steelcase posted a profit of 46 cents per share on sales of $786 million. The current analyst consensus estimate would represent a 25.81 percent decrease in the company's earnings. Sales would be up 1.70 percent on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.23 | 0.19 | 0.23 | 0.31 |
| EPS Actual | 0.26 | 0.18 | 0.28 | 0.31 |
Q3 EPS Estimate: 0.23
Q3 Revenues Estimate: $799 million
Stock Performance
Shares of Steelcase were trading at $14.10 as of Dec. 15. Shares are down 14.1 percent year to date. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Over the past 90 days, analysts' have generally adjusted their estimates lower for EPS and revenues.The most common rating by analysts on Steelcase stock is a Neutral. The strength of this rating has risen over the past three months.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.