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Steelcase (SCS) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-09-24 22:15
Core Viewpoint - Steelcase (SCS) reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, and showing an increase from $0.39 per share a year ago, indicating a strong performance in the office furniture sector [1][2] Financial Performance - The company achieved revenues of $897.1 million for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 2.58% and up from $855.8 million year-over-year [2] - Over the last four quarters, Steelcase has consistently exceeded consensus EPS estimates [2] Stock Performance - Steelcase shares have increased approximately 42.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $814.95 million, and for the current fiscal year, it is $1.05 on revenues of $3.27 billion [7] - The trend of earnings estimate revisions is mixed ahead of the earnings release, which could influence future stock movements [6] Industry Context - The Business - Office Products industry is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook for companies within this sector [8]