We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Steelcase (SCS) Outpaced Other Business Services Stocks This Year?
Read MoreHide Full Article
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Steelcase (SCS - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Steelcase is one of 193 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SCS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SCS's full-year earnings has moved 5.47% higher. 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 23.60% so far this year. Meanwhile, stocks in the Business Services group have gained about 22.84% 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 #27 in the Zacks Industry Rank. This group has gained an average of 34.10% so far this year, so SCS is slightly underperforming its industry in this area.
Investors with an interest in Business Services stocks should continue to track SCS. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Steelcase (SCS) Outpaced Other Business Services Stocks This Year?
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Has Steelcase (SCS - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Steelcase is one of 193 companies in the Business Services group. The Business Services group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SCS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SCS's full-year earnings has moved 5.47% higher. 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 23.60% so far this year. Meanwhile, stocks in the Business Services group have gained about 22.84% 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 #27 in the Zacks Industry Rank. This group has gained an average of 34.10% so far this year, so SCS is slightly underperforming its industry in this area.
Investors with an interest in Business Services stocks should continue to track SCS. The stock will be looking to continue its solid performance.