Recap: Steelcase Q1 Earnings
Portfolio Pulse from Benzinga Insights
Steelcase (NYSE:SCS) reported Q1 earnings with an EPS of $0.09, beating estimates by 800.0%. Revenue was up $11.20 million from the same period last year. The company has a history of beating earnings estimates, which has led to share price increases.
June 21, 2023 | 8:10 pm
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Steelcase reported Q1 earnings with an EPS of $0.09, beating estimates by 800.0%. The company has a history of beating earnings estimates, which has led to share price increases.
Steelcase's Q1 earnings beat estimates by a significant margin, with an EPS of $0.09 compared to the estimated $0.01. This is likely to have a positive impact on the stock price, as the company has a history of beating earnings estimates and experiencing share price increases as a result. For example, last quarter, the company beat EPS estimates by $0.08, which led to a 5.99% increase in the share price the next day.
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