Sees Q4 revenue $765M-$790M, consensus $789.05M. The company said, “the end of the third quarter, the company’s backlog of customer orders was approximately $699 million, which was 10 percent lower than the prior year. Orders through the first three weeks of the fourth quarter of fiscal 2024 grew 7 percent compared to the prior year. As a result, the company expects fourth quarter fiscal 2024 revenue to be in the range of $765 to $790 million. The company reported revenue of $801.7 million in the fourth quarter of fiscal 2023. The projected revenue range translates to a decline of 1 to 5 percent compared to the prior year, or organic growth (decline) of (2) to 1 percent. The company expects to report earnings per share of between $0.16 to $0.20 for the fourth quarter of fiscal 2024 and adjusted earnings per share of between $0.19 to $0.23. The company reported earnings per share of $0.13 and adjusted earnings per share of $0.19 in the fourth quarter of fiscal 2023.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SCS:
- Steelcase Reports Third Quarter Fiscal 2024 Results
- Options Volatility and Implied Earnings Moves Today, December 19, 2023
- Options Volatility and Implied Earnings Moves This Week, December 18 – December 21, 2023
- SCS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Steelcase to Webcast Third Quarter Fiscal 2024 Conference Call