Steelcase (NYSE:SCS) reported its Q1 earnings results on Wednesday, June 21, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Steelcase beat estimated earnings by 800.0%, reporting an EPS of $0.09 versus an estimate of $0.01.
Revenue was up $11.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 5.99% increase in the share price the next day.
Here’s a look at Steelcase’s past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.11 | 0.18 | 0.13 | -0.18 |
| EPS Actual | 0.19 | 0.20 | 0.21 | -0.05 |
| Revenue Estimate | 751.37M | 836.42M | 885.20M | 690.94M |
| Revenue Actual | 801.70M | 826.90M | 863.30M | 740.70M |
To track all earnings releases for Steelcase visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
