Recap: Steelcase Q1 Earnings - Steelcase (NYSE:SCS)

Steelcase SCS reported its Q1 earnings results on Wednesday, June 21, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Steelcase beat estimated earnings by 800.0%, reporting an EPS of $0.09 versus an estimate of $0.01.

Revenue was up $11.20 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 5.99% increase in the share price the next day.

Here's a look at Steelcase's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	0.11	0.18	0.13	-0.18
EPS Actual	0.19	0.20	0.21	-0.05
Revenue Estimate	751.37M	836.42M	885.20M	690.94M
Revenue Actual	801.70M	826.90M	863.30M	740.70M

To track all earnings releases for Steelcase visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.