* Steelcase Inc reported quarterly adjusted earnings of 16 cents per share for the quarter ended in May, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of four analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 9 cents to 11 cents per share.
* Revenue fell 3.3% to $727.30 million from a year ago; analysts expected $729.13 million.
* Steelcase Inc's reported EPS for the quarter was 9 cents.
* The company reported quarterly net income of $10.9 million.
* Steelcase Inc shares had fallen by 3.7% this quarter and lost 6.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the business support supplies peer group is also "buy"
Wall Street's median 12-month price target for Steelcase Inc is $16.00 This summary was machine generated from LSEG data June 20 at 11:52 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
May. 31 2024 0.10 0.16 Beat
Feb. 29 2024 0.21 0.23 Beat
Nov. 30 2023 0.23 0.30 Beat
Aug. 31 2023 0.20 0.31 Beat
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