Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>We introduce our new revenue and earnings estimates and full financial model following</li><li>Steelcase’s 1QFY25 earnings beat versus consensus and WTR estimates.</li><li>Steelcase posted 1QFY25 adjusted EPS of $0.16 versus $0.09 in 1QFY24, beating consensus of $0.10 and our estimate of $0.11.</li></ul>

We introduce our new revenue and earnings estimates and full financial model followingSteelcase’s 1QFY25 earnings beat versus consensus and WTR estimates.Steelcase posted 1QFY25 adjusted EPS of $0.16 versus $0.09 in 1QFY24, beating consensus of $0.10 and our estimate of $0.11.

Steelcase, Inc. - Revising Revenue and EPS Estimates Following 1QFY25 Results

Steelcase Inc Cl A

Steelcase, Inc. - Revising Revenue and EPS Estimates Following 1QFY25 Results