Steelcase Q4 2024 Adj EPS $0.23 Beats $0.21 Estimate, Sales $775.200M Miss $780.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Steelcase (NYSE:SCS) reported Q4 2024 adjusted EPS of $0.23, surpassing the $0.21 estimate, but its sales of $775.2M fell short of the $780.25M forecast, marking a 3.31% year-over-year decline.
March 20, 2024 | 8:07 pm
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Steelcase reported higher-than-expected Q4 2024 adjusted EPS but missed sales estimates, with a slight year-over-year decline.
While the beat on EPS is positive, the miss on sales forecasts and the year-over-year decline could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the positive earnings against the slight sales disappointment.
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