Market Overview

Earnings Preview: Steelcase

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Steelcase (NYSE: SCS) will be releasing its next round of earnings this Tuesday, September 22. For all of the relevant information, here is your guide for Tuesday's Q2 earnings announcement.

Earnings and Revenue

Steelcase earnings will be near $0.37 per share on sales of $782.60 million, according to analysts. Steelcase reported a per-share profit of $0.5 when it published results during the same quarter last year. Sales in that period totaled $998.00 million. If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 26.0%. Here's how the Steelcase's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.14 0.32 0.35 0.43
EPS Actual -0.18 0.39 0.46 0.50
Revenue Estimate 530.30 M 914.80 M 934.83 M 980.87 M
Revenue Actual 482.80 M 946.20 M 955.20 M 998.00 M

Stock Performance

Over the last 52-week period, shares are down 36.82%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Steelcase is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/n7yrr4o3

 

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Posted-In: Earnings