Steelcase Sees Q4 2024 Adj. EPS $0.19-$0.23 Vs $0.2 Est.; Revenue $765M-$790M Vs $789.05M Est.
Portfolio Pulse from Benzinga Newsdesk
Steelcase Inc. projects its Q4 2024 adjusted earnings per share (EPS) to be between $0.19 and $0.23, which is in line with the estimated $0.2. The company anticipates revenue to range from $765 million to $790 million, slightly below the estimated $789.05 million.
December 19, 2023 | 9:16 pm
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Steelcase Inc. expects Q4 2024 adjusted EPS to be $0.19-$0.23, matching the $0.2 estimate, but forecasts revenues to be slightly below expectations at $765M-$790M versus the $789.05M estimate.
The projected EPS is in line with analyst estimates, which could be viewed positively by investors. However, the revenue forecast being slightly below estimates may cause concern. The mixed outlook suggests a neutral short-term impact on the stock price, as positive sentiment from meeting EPS expectations could be offset by the slight miss on revenue projections.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100