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Steelcase Q4 Earnings Preview

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Steelcase (NYSE: SCS) releases its next round of earnings Tuesday. Here's Benzinga's essential guide to Steelcase's Q4 earnings report.

Earnings and Revenue

Wall Street analysts see Steelcase reporting earnings of 16 cents per share on sales of $750 million.

In the same quarter last year, Steelcase reported earnings per share of 28 cents on sales of $769 million. The analyst consensus estimate would represent a 42.86 percent decrease in the company's earnings. Revenue would be down 2.39 percent from the same quarter last year.

Steelcase's reported EPS has stacked up against analyst estimates in the past like this:

 

Quarter Q3 2018 Q2 2018 Q1 2018 Q4 2017
EPS Estimate 0.23 0.23 0.19 0.23
EPS Actual 0.22 0.26 0.18 0.28

 

Stock Performance

Over the past 52-week period, shares of Steelcase have declined 15.48 percent. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Steelcase is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Posted-In: Earnings News Previews Trading Ideas

 

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