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Steelcase Earnings Preview

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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.

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.

 

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