Steelcase (NYSE:SCS) Releases Q1 2026 Earnings Guidance

Steelcase (NYSE:SCS) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.130-0.170 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $760.0 million-$785.0 million, compared to the consensus revenue estimate of $745.3 million. Steelcase also updated its Q1 guidance to $0.13-0.17 EPS.

Steelcase Trading Up 0.3 %

NYSE:SCS traded up $0.04 during mid-day trading on Wednesday, hitting $10.62. 1,130,365 shares of the stock traded hands, compared to its average volume of 611,332. The company has a quick ratio of 1.21, a current ratio of 1.57 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.25 and a beta of 1.33. Steelcase has a 52 week low of $10.31 and a 52 week high of $14.74. The firm’s 50 day moving average is $11.63 and its two-hundred day moving average is $12.38.

Steelcase (NYSE:SCS) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The firm had revenue of $788.00 million for the quarter, compared to the consensus estimate of $790.90 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts predict that Steelcase will post 1 earnings per share for the current year.

Insider Transactions at Steelcase

In other Steelcase news, VP Robert G. Krestakos sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $11.74, for a total value of $58,700.00. Following the transaction, the vice president now directly owns 114,481 shares in the company, valued at $1,344,006.94. This represents a 4.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.