Earnings Outlook For Steelcase
Portfolio Pulse from Benzinga Insights
Steelcase (NYSE:SCS) is set to release its latest quarterly earnings report on Tuesday, 2023-09-19. Analysts estimate an earnings per share (EPS) of $0.20. The company's past performance shows it beat EPS estimates last quarter, which led to an 8.15% increase in share price. However, the stock has been down 6.52% over the last 52-week period.
September 18, 2023 | 2:00 pm
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NEUTRAL IMPACT
Steelcase's upcoming earnings report could potentially impact its stock price. The company's past performance shows a trend of beating EPS estimates, which has previously led to increases in share price.
The upcoming earnings report is a significant event for any company and can have a substantial impact on its stock price. In the case of Steelcase, the company has a history of beating EPS estimates, which has previously led to increases in its share price. However, the stock has been down over the past year, which could indicate investor sentiment is not entirely positive. Therefore, the impact of the earnings report on the stock price could go either way, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100