Steelcase Inc. (NYSE:SCS) is gearing up to share its quarterly earnings report on Wednesday, June 19, 2024, after the market closes, with Wall Street setting the earnings per share (EPS) estimate at $0.1. The company, a global leader in office furniture, design, and spatial solutions, is also expected to report revenue of approximately $729.12 million for the quarter. This anticipation comes at a time when Steelcase is making significant strides in innovation and sustainability, aiming to redefine the workspace and its environmental impact.

Recently, Steelcase announced a partnership with Logitech to launch Ocular™ View, an extended reality experience designed to enhance virtual meetings. This collaboration leverages Steelcase's expertise in hybrid collaboration and Logitech's advanced video technology, aiming to make remote interactions feel as real as face-to-face meetings. By integrating with platforms like Microsoft Teams and Zoom, Ocular View seeks to improve personal wellbeing, foster social connections, and ensure user privacy. This innovative step reflects Steelcase's commitment to adapting to the evolving needs of the modern workplace, potentially impacting its financial performance positively.

In addition to technological advancements, Steelcase has committed to achieving a net-zero future by 2050, with a detailed plan to reduce carbon emissions across its value chain by over 90%. This initiative, titled "Power of Possibility: A Net-Zero Future Needs Us All," outlines a comprehensive strategy for minimizing the environmental impact of Steelcase's operations, products, and transportation methods. By encouraging collaboration among employees, dealers, suppliers, customers, and industry peers, Steelcase is positioning itself as a leader in sustainability within the office furniture industry. This commitment to environmental responsibility could enhance the company's reputation and appeal to investors and customers alike, potentially influencing its financial metrics.

Financially, Steelcase exhibits a price-to-earnings (P/E) ratio of approximately 18.18, indicating investor confidence in its earnings potential. The company's price-to-sales (P/S) ratio of about 0.45 and an enterprise value-to-sales (EV/Sales) ratio of roughly 0.55 suggest a market valuation that is relatively low compared to its sales, possibly offering an attractive entry point for investors. Furthermore, with an enterprise value to operating cash flow (EV/OCF) ratio of approximately 7.27 and an earnings yield of around 5.50%, Steelcase appears to be valued favorably in terms of its operating cash flow and potential return on investment. The company's debt-to-equity (D/E) ratio of about 0.55 and a current ratio of approximately 1.58 indicate a balanced approach to financing and a healthy financial position, ensuring stability and resilience in its operations.

As Steelcase prepares to release its quarterly earnings, the combination of its innovative partnerships, commitment to sustainability, and solid financial ratios positions the company as a noteworthy player in the office furniture and design industry. Investors and analysts will be keenly watching the upcoming earnings report to gauge how these strategic initiatives are translating into financial performance and market valuation.

Steelcase Inc (NYSE:SCS) stands out as a compelling investment opportunity, especially for those looking to diversify their portfolio with undervalued stocks priced under $20. As noted by InvestorPlace, the company's remarkable 50% stock price increase over the past year is a testament to its growing appeal among investors. This surge is backed by a solid foundation of high-end office furniture manufacturing, catering to both enterprise clients and the burgeoning remote work sector. With a market capitalization just shy of $1.5 billion and a forward dividend yield of 3.06%, Steelcase not only promises significant returns but also positions itself as a resilient player in the market.

The financial health of Steelcase is further underscored by its impressive financial metrics. The company's price-to-earnings (P/E) ratio of approximately 17.78 reflects investor confidence, showing a willingness to pay nearly 18 times earnings. This is complemented by a price-to-sales (P/S) ratio of about 0.44, indicating the market's undervaluation of the company's sales. Moreover, the enterprise value to sales (EV/Sales) ratio of roughly 0.54 and the enterprise value to operating cash flow (EV/OCF) ratio of approximately 7.14 further highlight Steelcase's attractive valuation in relation to its sales and operating cash flow, respectively.

Steelcase's financial stability is evident through its debt-to-equity (D/E) ratio of about 0.55, showcasing a balanced approach to leveraging debt financing against its equity. This prudent financial management is crucial for sustaining growth and navigating economic uncertainties. Additionally, the current ratio of approximately 1.58 indicates a healthy balance between the company's assets and liabilities, ensuring that Steelcase is well-positioned to meet its short-term obligations.

The company's promising fiscal year 2025 outlook, with a projected 1% – 5% revenue growth and an EPS ranging between 85 cents and $1.00, further bolsters investor confidence. This optimistic forecast is supported by a 10% sales increase in the initial weeks of the fiscal year, signaling strong momentum. With a year-end EPS of 68 cents, the guidance provided by Steelcase's management underscores the company's potential for continued financial growth and its status as an undervalued stock under $20.

In conclusion, Steelcase Inc (NYSE:SCS) presents a compelling case for investors seeking undervalued opportunities. The combination of a strong dividend yield, consistent revenue growth, and a favorable fiscal outlook, coupled with solid financial ratios, positions Steelcase as a robust investment choice. The company's strategic focus on both enterprise and remote work markets, alongside its financial health and stability, make it an attractive option for those looking to capitalize on undervalued stocks.

Steelcase (NYSE:SCS) released its third-quarter earnings report, which led to a more than 10% share price gain intra-day today.

The company posted revenue of $777.9 million for the quarter, a 5.9% decline from the same period last year and short of the consensus estimate of $796.5 million. On a brighter note, Steelcase's adjusted earnings per share (EPS) for Q3 were better than anticipated, coming in at 30 cents versus the expected 22 cents.

Steelcase attributed its 16% year-over-year growth in the Americas primarily to significant purchases by large corporate customers. The company interprets this trend as a sign of the strength of its offerings, as businesses invest in their workplaces to accommodate new working styles.

Looking ahead to the fourth quarter, Steelcase expects its adjusted EPS to be between 19 cents and 23 cents, compared to the Street estimate of 20 cents. The projected revenue for the quarter is forecasted to be between $765 million and $790 million, compared to the Street estimate of $789.3 million.

Steelcase (NYSE:SCS) released its Q1 earnings report yesterday, surpassing expectations. The company reported an EPS of $0.09, above the Street estimate of $0.01. Revenue also exceeded expectations, growing 2% year-over-year to $751.9 million, compared to the Street estimate of $719.23 million.

The gross margin for the quarter was 31.2%, showing a significant increase of 530 basis points compared to the previous year. This growth was driven by favorable pricing and operational efficiencies.

Looking ahead to Q2/24, Steelcase anticipates an EPS range of $0.19 to $0.23, compared to the Street estimate of $0.21. The company expects revenue in the range of $815 million to $840 million, compared to the Street estimate of $841 million.

CEO Sara Armbruster expressed optimism about the company's performance, stating that they are on track to achieve their fiscal 2024 financial targets, partly due to better-than-expected results from their large corporate customers.

Steelcase (NYSE:SCS) released its Q1 earnings report yesterday, surpassing expectations. The company reported an EPS of $0.09, above the Street estimate of $0.01. Revenue also exceeded expectations, growing 2% year-over-year to $751.9 million, compared to the Street estimate of $719.23 million.

The gross margin for the quarter was 31.2%, showing a significant increase of 530 basis points compared to the previous year. This growth was driven by favorable pricing and operational efficiencies.

Looking ahead to Q2/24, Steelcase anticipates an EPS range of $0.19 to $0.23, compared to the Street estimate of $0.21. The company expects revenue in the range of $815 million to $840 million, compared to the Street estimate of $841 million.

CEO Sara Armbruster expressed optimism about the company's performance, stating that they are on track to achieve their fiscal 2024 financial targets, partly due to better-than-expected results from their large corporate customers.

Steelcase (NYSE:SCS) released its Q1 earnings report yesterday, surpassing expectations. The company reported an EPS of $0.09, above the Street estimate of $0.01. Revenue also exceeded expectations, growing 2% year-over-year to $751.9 million, compared to the Street estimate of $719.23 million.

The gross margin for the quarter was 31.2%, showing a significant increase of 530 basis points compared to the previous year. This growth was driven by favorable pricing and operational efficiencies.

Looking ahead to Q2/24, Steelcase anticipates an EPS range of $0.19 to $0.23, compared to the Street estimate of $0.21. The company expects revenue in the range of $815 million to $840 million, compared to the Street estimate of $841 million.

CEO Sara Armbruster expressed optimism about the company's performance, stating that they are on track to achieve their fiscal 2024 financial targets, partly due to better-than-expected results from their large corporate customers.