Will Steelcase Inc. (NYSE:SCS) be Surging after Earnings Report?

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Steelcase Inc. (NYSE:SCS) moved up 0.6% and closed its last trading session at $16.8. This Business Services Sector stock currently has the Market Capitalization of 1.97 Billion. The Average Volume for the stock is measured as 633.2 Million. The Stock has a 52-Week High of $18.14 and 52-Week Low of $12.67 following the dates, it touched its 52-Week High on Dec 30, 2016 and 52-Week Low on Sep 21, 2016. Currently, the Return on Assets value for the trailing twelve months is 9.9% with the Return on Equity and Return on Investment of 23.3% and 16.4% respectively. This firm currently has YTD (year to date) performance of -6.15 Percent which is not good. The Short Ratio for the stock is 4.12.

Steelcase Inc. (NYSE:SCS) Price to Earnings (P/E) ratio is 11.65. EPS or Earning per Share stands at $1.44. The TTM operating margin is 5.8 percent.

Steelcase Inc. (NYSE:SCS) reports its Earnings on Tue 21 Mar (In 2 Days). The estimated EPS for the current quarter is said to be $0.23. Following Earnings result, share price were UP 16 times out of last 28 Qtrs. The stock has added about 0.7% since it reported its last earnings. The Closing price of Steelcase Inc. (NYSE:SCS) at Last Earnings was $16.69 as compared to the previous closing price of $16.7. The Predicted Move on the 7th day after Steelcase Inc. (NYSE:SCS) will release its earnings at about 7%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Steelcase Inc. (NYSE:SCS) beats earnings by 66%, The Stock Missed Earnings  2  times and has met earnings  2  times.

Earnings History:

We will discuss the past Quarters Earnings below:

Steelcase Inc. (NYSE:SCS) reported its previous quarter on 12/20/2016 where it reported the Actual Earnings of $0.31. The Closing price before the company posted its earnings was $16.69. The Stock surged on the very next day of earnings and maintained its stock price at $17.58 by showing a % change of 5.33 percent from its previous closing price. The Next Day Volume after Earnings was reported as 1.72 Million. On the 7th day After Earnings Report, the stock hit its share price as $17.58 by showing 5.33% increase from the Stock price Before Earnings were reported.

On 09/21/2016, the stock reported the EPS of $0.32 where Analysts were projecting the EPS to be $0.32 showing a difference of $0. Thus Surprise Factor was there with 0 percent. Before Earnings Announcement on 09/21/2016, the firm had its stock price of $12.66. And immediately on the next day after earnings announcement, the stock inclined 12.88% and closed its trading session at $14.29. On 7th Day after earnings release, Steelcase Inc. (NYSE:SCS) surged to 10.11% from $12.66 to $13.94.

On 06/22/2016, Analysts were suspecting EPS of $0.16/share where Steelcase Inc. (NYSE:SCS) reported its Actual EPS of $0.18. Thus showing a Surprise of 12.5 percent. The Closing Price of the stock before earnings was $14.38 while on the Next day the stock closed its trading session at $14.12 with a percentage change of -1.81% from the price of 14.38 before Earnings. The Stock Closing Price on the 7th day of earnings was $13.36.

Company Profile:

Steelcase Inc. designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company operates through Americas, EMEA, and Other Category segments. Its furniture systems portfolio comprises panel-based and freestanding furniture systems; and complementary products, such as storage, tables, and ergonomic worktools. The company’s seating products include ergonomic chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. Its interior architectural products consist of full and partial height walls and doors. The company also manufactures and sells surface materials consisting of textiles and wall coverings to architects and designers; and ceramic steel surfaces primarily for third-party fabricators and distributors to create static whiteboards and chalkboards. In addition, it provides workplace strategy consulting, lease origination, furniture and asset management, and hosted space services. The company markets its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Designtex, PolyVision, and Turnstone brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. Steelcase Inc. was founded in 1912 and is headquartered in Grand Rapids, Michigan.