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Cash indicates a company's true financial health. It is the key to its existence, development and success.
Steelcase (SCS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Steelcase (SCS) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Steelcase (SCS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Steelcase (SCS) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Cash holds the key to a company's existence, development and success, and can indeed be referred to as its lifeblood. So, companies with rising cash flows like SCS, GCT, GPRK and VIRC are worth buying.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
GRAND RAPIDS, Mich., June 25, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announces that Dave Sylvester, Senior Vice President, Chief Financial Officer and Michael O'Meara, Director, Investor Relations and Financial Planning & Analysis, will be presenting at the Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 26, 2024. The presentation is scheduled for 3:00 p.m. ET and will be webcast. Scheduled 1x1 meetings are also available for registered, qualified investor attendees.
Rising earnings estimates are helping to make the case that these highly ranked stocks are indeed cheap with now looking like an ideal time to buy considering their attractive growth trajectories and reasonable valuations.
Steelcase (SCS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.