Steelcase Inc.’s SCS to-be-reported fourth quarter fiscal 2019 revenues and earnings are expected to increase on a year-over-year basis.
The Zacks Consensus Estimate for revenues is pegged at $859.8 million, reflecting year-over-year rise of 11.2%. The uptick is likely to be driven by strong organic order growth in the Americas, Asia Pacific and Designtex.
The consensus mark for earnings is pegged at 30 cents, indicating year-over-year growth of 25%. High volume and pricing benefits are expected to drive the upside. The company believes that pricing benefits will outpace increase in commodity, freight and labor costs in the to-be-reported quarter.
What Our Model Says?
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Steelcase has an Earnings ESP of 0.00% and a Zacks Rank #3, a combination that makes surprise prediction difficult.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.
Insperity NSP has Earnings ESP of +3.72% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advanced Disposal Services ADSW has Earnings ESP of +16.28% and a Zacks Rank #2.
Interpublic IPG has Earnings ESP of +27.27% and a Zacks Rank #3.
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