Steelcase Slumps: SCS Falls 10.7% in Session


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).

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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

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