Investors Overreacted to Steelcase’s Q4 Results
<p>Analysts at Berenberg Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/SCS'>Steelcase Inc. (NYSE:SCS) </a>following the recently reported Q4 results, with a slight miss on EPS and lower-than-expected Q1 guidance.</p>
<p>The analysts believe the stock price decline since March 23 was an overreaction of investors (stock already recovered today, up 4%), as orders continued to grow ahead of management’s expectations and ongoing inflationary headwinds should not have surprised. </p>
<p>The analysts believe the company’s investment case remains strong, given robust demand trends and 2023 guidance that suggests considerable margin recovery.</p>

NYSE:SCS