JUMP REPORT
Avg Daily Volume: 771,316 Market Cap: 2.21B
Sector: Consumer Goods Short Interest: 3.26
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .35/share REV: 931.7/M
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LAST QTR: EPS: .43/share ACTUAL: .50/share (BEAT)
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NEXT QTR: EPS: .25/share REV: 954/M
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FULL YR: EPS: 1.35/share REV: 3.71/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 55% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 10.77, -11.64, -14.13
EXPECTED JUMP MOVE: 10-12
Links To Latest News and Headlines
Steelcase Inc. ( NYSE:SCS ), is not the largest company out there, but it saw a significant share price rise of over…
Wall Street took a small step back last week. The “three stocks to avoid” in my column that I thought were going to lose to the market in the past week — BlackBerry, Steelcase, and Blink Charging — plunged 19%, rose 8%, and slipped 13%, respectively, averaging out to an 8% decline. It’s been a rough year for Chinese growth stocks.
Does the December share price for Steelcase Inc. ( NYSE:SCS ) reflect what it’s really worth? Today, we will estimate…
By Peter Nurse
Revenue and earnings growth driven by strong beginning backlog and year-over-year pricing benefitsGross margin improved 120 basis points compared to prior year driven by a 280 basis point improvement in the AmericasActions to reduce cost structure expected to produce approximately $30 million of annualized savingsFourth quarter outlook projects earnings growth compared to prior year driven by pricing benefits and includes savings from recent actions GRAND RAPIDS, Mich., Dec. 19, 2022 (GLOBE NEWS
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