Steelcase (NYSE:SCS – Get Free Report) issued an update on its fourth quarter 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.200-0.240 for the period, compared to the consensus EPS estimate of 0.220. The company issued revenue guidance of $770.0 million-$795.0 million, compared to the consensus revenue estimate of $833.4 million. Steelcase also updated its Q4 guidance to $0.20-0.24 EPS.
Analyst Ratings Changes
Separately, Noble Financial assumed coverage on Steelcase in a report on Wednesday, October 9th. They issued an “outperform” rating and a $16.00 price target for the company.
Read Our Latest Analysis on Steelcase
Steelcase Stock Down 4.5 %
Steelcase (NYSE:SCS – Get Free Report) last released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. Steelcase had a return on equity of 14.41% and a net margin of 4.02%. The firm had revenue of $794.90 million during the quarter, compared to analysts’ expectations of $796.58 million. During the same quarter in the prior year, the business earned $0.30 EPS. Steelcase’s quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Steelcase will post 1 earnings per share for the current fiscal year.
Insider Activity
In related news, VP Robert G. Krestakos sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $13.11, for a total value of $52,440.00. Following the completion of the sale, the vice president now directly owns 119,481 shares of the company’s stock, valued at $1,566,395.91. The trade was a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.96% of the company’s stock.
About Steelcase
Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.
Further Reading
- Five stocks we like better than Steelcase
- Stock Sentiment Analysis: How it Works
- Novo Nordisk: A New Boost for GLP-1 Sales on the Horizon
- What is the Dogs of the Dow Strategy? Overview and Examples
- Why Now Is the Ultimate Time to Invest in Oil Stocks
- How to Use Stock Screeners to Find Stocks
- Q4’s Most Upgraded Stocks: Promising Buys for 2025
Receive News & Ratings for Steelcase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steelcase and related companies with MarketBeat.com's FREE daily email newsletter.