Investors focused on the Business Services space have likely heard of Steelcase (SCS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SCS and the rest of the Business Services group's stocks.
Steelcase is a member of the Business Services sector. This group includes 192 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SCS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SCS's full-year earnings has moved 5.16% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SCS has gained about 9.58% so far this year. Meanwhile, stocks in the Business Services group have gained about 6.18% on average. As we can see, Steelcase is performing better than its sector in the calendar year.
Looking more specifically, SCS belongs to the Business - Office Products industry, a group that includes 5 individual stocks and currently sits at #13 in the Zacks Industry Rank. This group has gained an average of 13.62% so far this year, so SCS is slightly underperforming its industry in this area.
Investors in the Business Services sector will want to keep a close eye on SCS as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Business Services space have likely heard of Steelcase (SCS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SCS and the rest of the Business Services group's stocks.
Steelcase is a member of the Business Services sector. This group includes 192 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SCS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SCS's full-year earnings has moved 5.16% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, SCS has gained about 9.58% so far this year. Meanwhile, stocks in the Business Services group have gained about 6.18% on average. As we can see, Steelcase is performing better than its sector in the calendar year.
Looking more specifically, SCS belongs to the Business - Office Products industry, a group that includes 5 individual stocks and currently sits at #13 in the Zacks Industry Rank. This group has gained an average of 13.62% so far this year, so SCS is slightly underperforming its industry in this area.
Investors in the Business Services sector will want to keep a close eye on SCS as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on SCS - FREE