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Steelcase Inc.'s stock dropped 5.7% despite higher-than-expected earnings, due to revenue falling short and weak third-quarter guidance. Despite mixed financial results, Steelcase shares remain cheap on an absolute basis and relative to some peers, justifying a continued “buy” rating. Management expects modest revenue growth but lower earnings per share for the third quarter, yet remains optimistic about annual adjusted earnings.

Sure, Amazon.com (AMZN) wants its workers back in the office all week—but based on the latest forecast from Steelcase (SCS), the outlook for offices still is't great.

Steelcase Inc. (NYSE:SCS ) Q2 2025 Results Conference Call September 19, 2024 8:30 AM ET Company Participants Mike O'Meara - Investor Relations Sara Armbruster - President & Chief Executive Officer Dave Sylvester - Senior Vice President & Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Steven Ramsey - Thompson Research Group Reuben Garner - Benchmark Brian Gordon - Water Tower Research Operator Good morning. My name is Rob, and I will be your conference operator today.

U.S. stock futures were higher this morning, with the Dow futures gaining over 1% on Thursday.

Steelcase (SCS) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.31 per share a year ago.

Shares of Steelcase Inc. fell after hours on Wednesday after the office-furniture maker's third-quarter sales outlook came up short of Wall Street's estimates, amid weaker demand from big corporate customers and from China.