Steelcase Q2 EPS $0.31 Beats $0.20 Estimate, Sales $854.60M Beat $828.82M Estimate
Portfolio Pulse from Happy Mohamed
Steelcase (NYSE:SCS) reported Q2 earnings of $0.31 per share, beating the analyst consensus estimate of $0.20 by 55%. This is a 47.62% increase from the same period last year. The company also reported quarterly sales of $854.60 million, beating the analyst consensus estimate of $828.82 million by 3.11%, despite a 1.01% decrease from the same period last year.
September 19, 2023 | 8:06 pm
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POSITIVE IMPACT
Steelcase's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance despite a slight decrease in sales compared to the same period last year.
Steelcase's earnings beat analyst estimates by a significant margin, indicating a strong financial performance. This is likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100