Remote and Hybrid Work Are Still Popular. Just Ask This Furniture Maker [Yahoo! Finance]
Steelcase Inc. (SCS)
Last steelcase inc. earnings: 3/24 04:29 pm
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Source: Yahoo! Finance
The company's third-quarter sales projections, meanwhile, came in below analyst estimates. Many companies have moved to bring more workers in-house more of the time, with Amazon.com the latest high-profile example. Sure, Amazon.com ( AMZN ) wants its workers back in the office all week—but based on the latest forecast from Steelcase ( SCS ), the outlook for offices still is't great. Shares in the office furniture maker dropped 7% Thursday morning, rising off morning lows, after it reported a slump in quarterly orders and issued an outlook that lagged Wall Street estimates—the latest indication that remote and hybrid work arrangements are still very popular "Orders from large corporate customers declined compared to the prior year after several quarters of strong year-over-year growth,'" Steelcase said. Steelcase said it expects third-quarter sales of $785 million to $810 million. That would be up year-over-year, but below Visible Alpha's mean analyst estimate of $815 millio
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News
- Are Steelcase Inc.'s (NYSE:SCS) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market? [Yahoo! Finance]Yahoo! Finance
- Does Steelcase (SCS) Have the Potential to Rally 28.13% as Wall Street Analysts Expect? [Yahoo! Finance]Yahoo! Finance
- Is Steelcase (SCS) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Steelcase Inc. (NYSE: SCS) is now covered by analysts at Noble Financial. They set an "outperform" rating on the stock.MarketBeat
- Does Steelcase (NYSE:SCS) Deserve A Spot On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
SCS
Earnings
- 9/18/24 - Beat
SCS
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form 4
- 11/6/24 - Form SC
- SCS's page on the SEC website