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All You Need to Know About Steelcase (SCS) Rating Upgrade to Strong Buy
ZACKS· 2025-10-09 17:01
Core Viewpoint - Steelcase (SCS) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which are crucial for stock price movements [1][2][4]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the importance of earnings estimate revisions, which have a strong correlation with near-term stock price movements [3][5]. - Steelcase's earnings estimates for the fiscal year ending February 2026 are projected at $1.10 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 4.3% over the past three months [7]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Steelcase's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [9].
Steelcase (SCS) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2025-10-01 13:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...
Concrete Pumping (BBCP) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2025-09-04 22:46
Core Insights - Concrete Pumping (BBCP) reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $0.13 per share a year ago, representing an earnings surprise of +16.67% [1] - The company posted revenues of $103.68 million for the quarter ended July 2025, surpassing the Zacks Consensus Estimate by 2.25%, but down from $109.62 million year-over-year [2] - The stock has underperformed the market with a gain of about 1.7% since the beginning of the year, compared to the S&P 500's gain of 9.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $102.2 million, and for the current fiscal year, it is $0.07 on revenues of $384 million [7] - The estimate revisions trend for Concrete Pumping was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Waste Removal Services industry, to which Concrete Pumping belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]
X @Investopedia
Investopedia· 2025-08-04 16:30
Mergers and Acquisitions - Steelcase shares surged over 50% following the acquisition agreement [1] - HNI Corporation will acquire Steelcase for $2.2 billion in cash and stock [1]
Allsteel Announces Enhancements to Evo Chair for an Eco-Friendly, Refined Design
Globenewswire· 2025-06-02 17:50
Core Insights - Allsteel has expanded its Evo series with a focus on sustainability, versatility, and user comfort, introducing new eco-friendly options and carbon-neutral models [1][6]. Product Features - The new Quilted Knit Back is made from SEAQUAL® upcycled marine litter and features a zero-waste manufacturing process, enhancing comfort while being environmentally conscious [2][4]. - The design includes a quilted infill structure that contours to the user's back shape, allowing for real-time flexibility and support [5][3]. - Evo chairs now include weight-activated control, dual density foam, and 4D Arms, providing multiple levels of comfort and support [5]. Sustainability Commitment - Select Evo models are certified as carbon neutral, with carbon offsets supporting U.S.-based reforestation projects [6]. - The Evo collection holds SCS Indoor Advantage™ Gold and BIFMA LEVEL® 3 certifications, reflecting Allsteel's commitment to responsible material choices and low emissions [6]. Design Flexibility - The expansion introduces painted aluminum as a new finish option, offering 40 curated paint choices for customization [7].