Preview: Steelcase's Earnings
Portfolio Pulse from Benzinga Insights
Steelcase (NYSE:SCS) is set to release its latest quarterly earnings report on June 21, 2023. Analysts estimate an EPS of $0.01. Last quarter, the company beat EPS by $0.08, resulting in a 5.99% share price increase the next day. Over the last 52-week period, shares are down 29.67%.
June 20, 2023 | 2:00 pm
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Steelcase is set to release its quarterly earnings report on June 21, 2023. Analysts estimate an EPS of $0.01. Last quarter, the company beat EPS by $0.08, resulting in a 5.99% share price increase the next day.
The upcoming earnings report will have a direct impact on Steelcase's stock price. However, it is difficult to predict the short-term price direction based on the news alone. Last quarter's earnings beat led to a 5.99% share price increase, but the overall 52-week performance has been negative, with shares down 29.67%. The market's reaction to the earnings report and guidance will determine the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100