On Wednesday, June 23, Steelcase (NYSE:SCS) will release its latest earnings report. Here is Benzinga's outlook for the company.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on Steelcase management projections, analysts predict EPS of $0.31 on revenue of $554.87 million. In the same quarter last year, Steelcase reported a loss per share of $0.18 on revenue of $482.80 million.

Why Analyst Estimates And Earnings Surprises Are Important

The Wall Street consensus estimate for earnings would represent a 72.22% decrease for the company. Revenue would be up 14.93% from the same quarter last year. Here is how the Steelcase's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Shares of Steelcase were trading at $14.42 as of June 21. Over the last 52-week period, shares are up 22.45%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Steelcase is scheduled to hold the call at 08:30:00 ET and can be accessed here.