Steelcase Inc. (SCS)

Steelcase Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Steelcase stock has a target of 16, which predicts a -2.20% decrease from the current stock price of 16.36.

Price Target: $16.00 (-2.20%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$16	$16	$16	$16
Change	-2.20%	-2.20%	-2.20%	-2.20%

* Price targets were last updated on Oct 9, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for Steelcase is "Buy". This means that the analyst believes this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	0	1	1	1	1	0
Buy	0	0	0	0	0	1
Hold	2	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	1	1	1	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Joe Gomes Noble Capital Markets	Noble Capital Markets	Buy Initiates $16	Buy	Initiates	$16	-2.20%	Oct 9, 2024
Reuben Garner Benchmark	Benchmark	Strong Buy Maintains $17 → $18	Strong Buy	Maintains	$17 → $18	+10.02%	Jun 24, 2024
Reuben Garner Benchmark	Benchmark	Strong Buy Maintains $17 → $18	Strong Buy	Maintains	$17 → $18	+10.02%	Jun 21, 2024
Reuben Garner Benchmark	Benchmark	Hold → Strong Buy Upgrades $17	Hold → Strong Buy	Upgrades	$17	+3.91%	Jun 14, 2024
Reuben Garner Benchmark	Benchmark	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Nov 30, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

3.30B

Increased by 4.30%

from 3.17B

Revenue Next Year

3.42B

Increased by 3.51%

from 3.30B

EPS This Year

1.08

Increased by 5.95%

from 1.02

EPS Next Year

1.28

Increased by 18.22%

from 1.08

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Feb 26, 2021	Feb 25, 2022	Feb 24, 2023	Feb 23, 2024	Feb 28, 2025	Feb 28, 2026	Feb 28, 2027
Revenue	2.60B	2.77B	3.23B	3.16B	3.17B	3.30B	3.42B
Revenue Growth	-30.28%	6.80%	16.59%	-2.26%	0.20%	4.30%	3.51%
EPS	0.22	0.03	0.30	0.68	1.02	1.08	1.28
EPS Growth	-86.75%	-86.36%	900.00%	126.67%	50.00%	5.95%	18.22%
Forward PE	-	-	-	-	-	15.14	12.80
No. Analysts	-	-	-	-	-	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	3.5B	3.6B
Avg	3.3B	3.4B
Low	3.2B	3.3B

Revenue Growth

Revenue Growth	2026	2027
High	9.3%	8.6%
Avg	4.3%	3.5%
Low	0.4%	-0.5%

EPS Forecast

EPS	2026	2027
High	1.16	1.37
Avg	1.08	1.28
Low	0.99	1.20

EPS Growth

EPS Growth	2026	2027
High	13.2%	26.3%
Avg	6.0%	18.2%
Low	-3.0%	10.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.