Steelcase Expects Q2 Revenue of $850M-$875M Vs $865.23M Est, Adj EPS of $0.36-$0.40 Vs $0.30 Est
Portfolio Pulse from Benzinga Newsdesk
Steelcase projects Q2 fiscal 2025 revenue between $850M-$875M, compared to $865.23M estimated. Adjusted EPS is expected to be $0.36-$0.40, versus $0.30 estimated. The company's backlog at the end of Q1 was $764M, 1% higher than the previous year.
June 20, 2024 | 10:40 am
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Steelcase's Q2 fiscal 2025 revenue projection of $850M-$875M is in line with estimates, and adjusted EPS of $0.36-$0.40 beats the $0.30 estimate. The company's backlog increased by 1% YoY.
Steelcase's revenue projection is in line with estimates, and the adjusted EPS projection significantly beats estimates. The increase in backlog also indicates strong demand, which is positive for the stock.
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IMPORTANCE 80
RELEVANCE 100