Steelcase (NYSE: SCS) reported earnings on June 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 25 (Q1), Steelcase met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.

Gross margins shrank, operating margins dropped, net margins expanded.

Revenue details
Steelcase logged revenue of $675.2 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $680.3 million on the same basis. GAAP reported sales were 5.6% higher than the prior-year quarter's $639.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.13. The four earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.10 for Q1 were 67% higher than the prior-year quarter's $0.06 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 29.8%, 40 basis points worse than the prior-year quarter. Operating margin was 3.6%, 30 basis points worse than the prior-year quarter. Net margin was 2.0%, 80 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $728.2 million. On the bottom line, the average EPS estimate is $0.19.

Next year's average estimate for revenue is $2.88 billion. The average EPS estimate is $0.75.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 180 members out of 195 rating the stock outperform, and 15 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Steelcase a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Steelcase is outperform, with an average price target of $13.17.

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