Steelcase Inc. (SCS) saw a big move last session, as the company’s shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SCS, as the stock is now down about 5% in the past one-month time frame.
The company which offers a comprehensive portfolio of architecture, furniture and technology products has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
SCS currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include ExamWorks Group, Inc. (EXAM), RPX Corporation (RPXC) and JTH Holding, Inc. (TAX). All these stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
STEELCASE INC (SCS): Free Stock Analysis Report
EXAMWORKS GROUP INC (EXAM): Free Stock Analysis Report
RPX CORP (RPXC): Free Stock Analysis Report
JTH HOLDING CL A D/B/A LIBERTY T (TAX): Free Stock Analysis Report
Zacks Investment Research
- Personal Investing Ideas & Strategies
- Finance Trading
- Steelcase Inc.