Steelcase (SCS) Announces Linda Williams to Board

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Steelcase (SCS) Tops Q2 EPS by 18c, Offers Q3 Guidance

September 22, 2020 4:07 PM EDT

Steelcase (NYSE: SCS) reported Q2 EPS of $0.55, $0.18 better than the analyst estimate of $0.37. Revenue for the quarter came in at $818.8 million versus the consensus estimate of $782.6 million.

GUIDANCE:

Steelcase sees Q3 2021 EPS of $0.12-$0.18, versus the consensus of $0.18. Steelcase sees Q3 2021 revenue of $690-725 million, versus the consensus of $703.9 million.

At the end of the second quarter, the companys backlog of customer orders was $577 million, or 8 percent lower than the prior year. Going into the third quarter, orders declined an average of 38 percent during the first three... More

Steelcase (SCS) calls active into quarter results and outlook

September 22, 2020 10:39 AM EDT

Steelcase (NYSE: SCS) call option implied volatility is at 90, November is at 61; compared to its 52-week range of into the expected release of quarter results today after the bell. Call put ratio 4 calls to 1 put with focus on October 12.50 and 15 calls.

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Steelcase (SCS) October 12.50 and 15 calls active into quarter results and outlook

September 21, 2020 10:20 AM EDT

Steelcase (NYSE: SCS) call option implied volatility is at 87, November is at 65; compared to its 52-week range of into the expected release of quarter results after the bell the bell on September 22. Call put ratio 35 calls to 1 put with focus on October 12.50 and 15 calls.

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