옵션 체인은 다양한 행사가격과 만기일에 대한 Steelcase의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Steelcase에 대한 시장 심리를 평가합니다..

Steelcase (NYSE:SCS) 주식, 옵션 체인

Steelcase

Steelcase Inc is a furniture company based in the United States. Its brands such as Steelcase, AMQ, Coalesse, Designtex, and others offer a portfolio of furniture and architectural products and services designed to help customers create workplaces. It markets its products and services to businesses and organizations predominantly through a network of dealers and also sells to consumers in markets around the world through web-based and retail distribution channels. The company's reportable segments include the Americas which generates key revenue, and International.

XCUR

목요일 아침 (현지 시간 기준) 미국 주식 선물이 상승하면서 오늘 투자자의 관심을 끌 수 있는 일부 주식은 다음과 같다: 1. 월스트리트는 다든 레스토랑(NYSE:DRI) 분기 이익을 주당 $1.83, 매출을 $28억으로 발표할 것으로 예상하고 있다. 다든 레스토랑의 주가는 애프터 마켓 거래에서 0.2% 하락한 $158.77로 거래되었다.

목요일 주목해야 할 주식: 다든 레스토랑, 페덱스, 엑시큐어 그리고 2종목

Earnings

News

Guidance

After-Hours Center

Movers

스틸케이스(NYSE:SCS)의 주식은 회사가 수요일 시장 마감 후 2분기 재무 결과를 발표한 후 10% 이상 하락했다. 이 보고서의 세부사항은 다음과 같다.

스틸케이스의 주식은 2분기 매출이 예상을 하회한 후 시간외 거래에서 10% 이상 하락

Steelcase Inc

ScanSource Inc

SCOTTISH ORIENTAL SM by Scottish Oriental SM

SCSK Corp

SILVER CASTLE HLDGS LTD by SILVER CASTLE HLDGS LTD.

Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) reported its Q3 earnings results on Wednesday, December 18, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Steelcase beat estimated earnings by 36.0%, reporting an EPS of $0.3 versus an estimate of $0.22.
Revenue was up $17.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
In the previous quarter, the company beat on EPS by $0.02, resulting in a 6.0% drop change in the share price the following day.
Here's a look at Steelcase's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2025</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.37</td>
<td>0.10</td>
<td>0.21</td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.16</td>
<td>0.23</td>
<td>0.30</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>864.10M</td>
<td>729.12M</td>
<td>780.25M</td>
<td>798.65M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>855.80M</td>
<td>727.30M</td>
<td>775.20M</td>
<td>777.90M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Steelcase <a href="https://www.benzinga.com/quote/SCS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Summary: Steelcase Q3

WIIM

Steelcase shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.

Steelcase Sees Q4 Adj. EPS $0.20-$0.24 Vs $0.22 Est.; Revenue $770M-$795M Vs $834.560M Est.

Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.22 by 36.36 percent. The company reported quarterly sales of $794.900 million which missed the analyst consensus estimate of $800.580 million by 0.71 percent. This is a 2.19 percent increase over sales of $777.900 million the same period last year.

Earnings Beats

Earnings Misses

Steelcase Q3 2025 Adj. EPS $0.30 Beats $0.22 Estimate, Sales $794.900M Miss $800.580M Estimate

<h3>Companies Reporting Before The Bell</h3>
• SPDR Bloomberg Convertible Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWB#NYSE">CWB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $304.67 million. 
• Tokyo Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKLF#NASDAQ">TKLF</a>) is likely to report earnings for its first quarter. 
• OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $43.78 million. 
• Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) is estimated to report quarterly earnings at $1.83 per share on revenue of $6.61 billion. 
• General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is projected to report quarterly earnings at $1.22 per share on revenue of $5.13 billion. 
• ABM Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $2.07 billion. 
• Birkenstock Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $439.27 million. 
• Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) is projected to report quarterly earnings at $1.05 per share on revenue of $1.11 billion. 
<h3>Companies Reporting After The Bell</h3>
• cbdMD (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $4.81 million. 
• Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is projected to report quarterly earnings at $4.26 per share on revenue of $10.08 billion. 
• Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is expected to report quarterly earnings at $0.47 per share on revenue of $150.00 million. 
• Worthington Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $724.35 million. 
• Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $812.02 million. 
• Micron Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) is likely to report quarterly earnings at $1.76 per share on revenue of $8.55 billion. 
• MillerKnoll (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLKN#NASDAQ">MLKN</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $959.70 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BIRK

Spdr Barclays Capital Convertible Securities Etf

EPAC

MLKN

TKLF

YCBD

Earnings Scheduled For December 18, 2024

<h3>Gainers</h3>
<ul>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) shares increased by 32.9% to $0.93 during Friday's pre-market session. The company's market cap stands at $11.0 million. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) stock moved upwards by 21.11% to $1.95. The market value of their outstanding shares is at $24.3 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) stock increased by 14.39% to $0.22. The market value of their outstanding shares is at $8.7 million. </li>
<li>TaskUs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TASK#NASDAQ">TASK</a>) shares increased by 12.71% to $18.0. The company's market cap stands at $1.6 billion. </li>
<li>Urban-gro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) stock increased by 12.5% to $1.35. The company's market cap stands at $16.6 million. </li>
<li>Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) stock increased by 7.32% to $13.89. The market value of their outstanding shares is at $1.5 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares fell 27.4% to $0.36 during Friday's pre-market session. The company's market cap stands at $7.1 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) shares decreased by 9.02% to $1.11. The company's market cap stands at $49.8 million. </li>
<li>CleanCore Solutions (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZONE#AMEX">ZONE</a>) shares declined by 8.57% to $1.6. The market value of their outstanding shares is at $12.7 million. </li>
<li>Ameresco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMRC#NYSE">AMRC</a>) shares declined by 8.55% to $23.01. The company's market cap stands at $1.2 billion. </li>
<li>Alta Equipment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTG#NYSE">ALTG</a>) shares decreased by 7.64% to $6.9. The market value of their outstanding shares is at $229.4 million. </li>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) shares fell 7.36% to $17.01. The market value of their outstanding shares is at $139.9 million. As per the press release, Q3 earnings came out 3 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALTG

AMRC

ATIF

BURU

LICN

PITA

SKIL

TASK

UGRO

VCIG

ZONE

12 Industrials Stocks Moving In Friday's Pre-Market Session

Noble Capital Markets analyst Joe Gomes initiates coverage on Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) with a Outperform rating and announces Price Target of $16.

Price Target

Initiation

Analyst Ratings

Noble Capital Markets Initiates Coverage On Steelcase with Outperform Rating, Announces Price Target of $16

Steelcase shares are trading lower after the company reported worse-than-expected Q2 revenue results.

U.S. stock futures were higher this morning, with the Dow futures gaining over 1% on Thursday.
Shares of Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/40929014/steelcase-stock-falls-after-q2-revenue-miss-details">second-quarter revenue results</a>.
Steelcase reported quarterly earnings of 39 cents per share, which beat the analyst consensus estimate of 37 cents. Quarterly revenue of $855.8 million missed the analyst consensus estimate of $864.1 million by 0.96%.
Steelcase shares dipped 8.9% to $12.85 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) fell 23.2% to $18.78 in pre-market trading.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 15.8% to $10.31 in pre-market trading. Veea shares jumped 131% on Wednesday after the company announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
<li>Eldorado Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) shares declined 4.9% to $16.23 in pre-market trading.</li>
<li>Instil Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) shares fell 3.2% to $64.02 in pre-market trading. The company recently announced the global registrational strategy for the PD-L1xVEGF bispecific antibody SYN-2510/IMM2510 in combination with chemotherapy in front-line non-small cell lung cancer and in front-line triple-negative breast cancer.</li>
<li>American Healthcare REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) shares declined 3% to $23.79 in pre-market trading. American Healthcare REIT priced its upsized public offering of 17.4 million common shares at $23.55 per share.</li>
<li>Applied Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLT#NASDAQ">APLT</a>) shares fell 2.6% to $7.65 in pre-market trading. Applied Therapeutics shares jumped around 69% on Wednesday after the FDA communicated that an advisory committee meeting would no longer be required.</li>
<li>Hertz Global Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NYSE">HTZ</a>) shares fell 1.6% to $3.64 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40925678/fedex-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-an">FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Pre-Market Outlook

Markets

Trading Ideas

APLT

PGNY

VEEA

Steelcase Reports Weak Sales, Joins American Healthcare REIT And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stocks look set for a relief rally after the <a href="https://www.benzinga.com/markets/equities/24/09/40909187/s-p-500-briefly-hits-record-high-just-ahead-of-fed-rate-cut-extends-7-day-winning-streak-tuesday">market failed to sustain the upward momentum</a> set in motion by the 50 basis-point cut announced by the Federal Reserve on Wednesday. The index futures point to a sharply higher opening on Thursday. Given the central bank&#8217;s focus on labor market statistics, traders may closely monitor the weekly jobless claims data. The results of a regional manufacturing survey and the Conference Board&#8217;s leading economic index may also create some ripples in the market.
With the Fed decision on the back-burner, earnings could get back to the spotlight, with FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) due to report after the close. Tech and small-cap stocks remain poised to rally out of the gates even as most strategists warn of a tech rally cool-off. Volatility is on the wane amid the risk-on mood, with the CBOE Volatility Index, aka VIX, down about 9%.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+1.99%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+1.53%</td>
</tr>
<tr>
<td>Dow</td>
<td>+1.15%</td>
</tr>
<tr>
<td>R2K</td>
<td>+2.88%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 1.55% to $570.08 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 2.00% to $480.96, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street closed Wednesday&#8217;s session modestly lower despite the Fed obliging with the magnitude of the cut the market was hoping for. The major indices resigned themselves to the pattern typical of a Fed decision day and moved sideways until the announcement was made. The central bank delivered and traders indulged in strong buying that took the S&amp;P 500 Index to a new intraday high. 
The dot plot suggested policymakers will likely cut rates a 25 basis points at each of the next two decisions and by at least another percentage point in 2025. While the growth outlook was left unchanged, the unemployment rate forecasts were revised. But Fed Chair Jerome Powell&#8217;s cautious comments at the press conference spooked the market, sending stocks lower in late-afternoon trading.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.31%</td>
<td>17,573.30</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.29%</td>
<td>5,618.26</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.25%</td>
<td>41,503.10</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.04%</td>
<td>2,206.34</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
It could be time for defensives and small-caps to shine, now that the rate-cutting cycle has begun and the door is open for more.
LPL Financial Chief Equity Strategist Jeff Buchbinder said in a note ahead of the rate cut that value stocks outperform their growth counterparts three and six months after the initial cut. The 1995 monetary policy is the most analogous to the current one, he said, adding that during the 12 months after the cut at that time, growth stocks were slightly better. But value stocks have an edge over the first six months, he said.
Defensive sectors typically outperform in the six months after the initial rate cuts, and this was particularly evident during the 1995 period that saw a soft landing and technology buildout, the strategist said. Specifically, the defense and the telecom services sector were top performers, while consumer staples and utilities also outperformed, he said. Financials did well in the 1995 cycle and performed in-line in the 2019 period, which is more comparable to the current situation than the 2001 cycle, he added.
Surprisingly, the technology sector underperformed the S&amp;P 500 after the 1995 rate cut, even though the internet buildout was in its early phases, Buchbinder said, referring to Netscape&#8217;s initial public offering which came after the first rate cut. Netscape is credited with creating the first internet browser.
&#8220;The takeaway here is that the technology sector, which as we know, is in a major buildout phase now with artificial intelligence, may not get a performance bump from a more accommodating Fed,&#8221; the strategist said.
Carson Group Chief Market Strategist Ryan Detrick pointed out a positive data point that bodes well for the market. In a post on X, he said the Fed has cut rates with stocks near all-time highs 20 times in the past. In all the instances, the S&amp;P 500 was higher a year later.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Fed has cut rates with stocks near all-time highs 20 times. The S&amp;P 500 was higher a year later 20 times. S&amp;P 500 at all-time highs now and the Fed is cutting tomorrow. <a href="https://t.co/MSHhII1Cu4">pic.twitter.com/MSHhII1Cu4</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1836069055070916634?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release its weekly jobless claims data for the recent reporting week at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have edged down from to 229,000 in the week ended Sept. 14, down from 230,000 in the previous week.</li>
<li>The Philadelphia Fed will release the results of its September regional manufacturing survey at 8:30 a.m. EDT. The diffusion index of business activity, the headline reading of the report, is widely expected to show continued contraction, albeit at a slower rate. Economists, on average, expect the index to increase from -7.0 in August to -1.1 in September.</li>
<li>The National Association of Realtors is due to release its existing home sales report for August at 10 a.m. EDT. Existing home sales are expected to come in at a seasonally adjusted annual rate of 3.9 million units, almost flattish with the 3.95-million-unit rate in July.</li>
<li>The Conference Board&#8217;s leading economic index, due at 10 a.m. EDT, is expected to show a 0.3% month-over-month drop for August, smaller than the 0.6% drop in July.</li>
<li>The Treasury is set to auction four- and eight-week bills at 11:30 a.m. EDT and a 10-year TIPS auction at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) shares fell nearly 8% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) and FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting their quarterly results ahead of the market open. </a></li>
<li>Those reporting after the close include FedEx and Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude futures rose in the early U.S. session, extending the gain from the previous session, as the dollar continues to be weak against most currencies barring the yen. Gold futures also firmed up. The 10-year T-note yield rose 1.9 basis points to 3.706%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied strongly following the Fed decision, with the apex crypto now trading just shy of the $62.5K level.
The major Asian averages gained notably on Thursday, as they reacted to the Fed&#8217;s largesse, with Japan benefiting from the yen&#8217;s modest weakening against the greenback. European stocks were on a firmer footing in early Thursday, with traders in the region awaiting the Bank of England&#8217;s rate decision. The Monetary Policy Committee of the central bank is widely expected to keep rates unchanged at 5.25% although signaling reductions in the future.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40927293/powell-defends-0-5-interest-rate-drop-as-right-thing-for-the-economy-doubles-down">Powell Defends 0.5% Interest Rate Drop As &#8216;Right Thing For The Economy,&#8217; Doubles Down On Fed&#8217;s Cautious, Data-Driven Approach</a></li>
</ul>
Image via Pixabay

Equities

Futures

Previews

Economics

Federal Reserve

$BTC

CBRL

Wall Street Primed For Relief Rally As Traders Eye Jobless Claims, FedEx Earnings After Fed's 50 Basis-Point Cut: Strategist Says These Stocks Will Gain Edge In First 6 Months Of Rate Cut

Shares of Exicure, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) rose sharply in today's pre-market trading after the company announced it received an extension <a href="https://www.benzinga.com/general/biotech/24/09/40928868/exicure-stock-is-soaring-after-the-bell-whats-driving-the-action">from the Nasdaq Hearings Panel.</a>
After the market close, Exicure announced that it was granted an extension for continued listing on the Nasdaq exchange. The early-stage biotechnology company must now show compliance with all applicable criteria for continued listing on the Nasdaq by Nov. 14.
Exicure shares jumped 179.9% to $6.41 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Zeo Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) gained 288.9% to $4.55 in pre-market trading after declining around 9% on Wednesday.</li>
<li>Telesis Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBIO#NASDAQ">TBIO</a>) gained 138.4% to $3.22 in the pre-market trading session. Telesis Bio recently announced that it has notified the Nasdaq Stock Market of its decision to delist.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) gained 82.8% to $0.9188 in pre-market trading after the company announced Australian regulatory approval for Venus Bliss MAX.</li>
<li>Freight Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) rose 60.6% to $0.1991 in pre-market trading after gaining 12% on Wednesday. Freight Technologies was recently selected by Bayer CropScience as a logistics provider for 2025 and was awarded six essential cross-border lanes to provide truckload services.</li>
<li>Mynaric AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) shares rose 25.6% to $1.37 in pre-market trading after gaining 18% on Wednesday.</li>
<li>ProMIS Neurosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMN#NASDAQ">PMN</a>) gained 20.2% to $1.49 in pre-market trading after declining 5% on Wednesday.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) gained 17.4% to $0.1067 in pre-market trading after gaining more than 5% on Wednesday.</li>
<li>Graphjet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTI#NASDAQ">GTI</a>) rose 17.4% to $3.00 in pre-market trading after gaining around 12% on Wednesday.</li>
<li>XCHG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) shares gained 13.2% to $20.80 in pre-market trading after jumping over 65% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) fell 23.2% to $18.78 in pre-market trading.</li>
<li>Webuy Global Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBUY#NASDAQ">WBUY</a>) fell 17.4% to $0.1523 in pre-market trading after surging around 59% on Wednesday.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 15.8% to $10.31 in pre-market trading. Veea shares jumped 131% on Wednesday after the company announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
<li>1847 Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NYSE">EFSH</a>) shares dipped 15% to $1.70 in pre-market trading after declining 13% on Wednesday.</li>
<li>BurgerFi International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFI#NASDAQ">BFI</a>) shares declined 12% to $0.15 in pre-market trading after dipping 27% on Wednesday.</li>
<li>Allarity Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) shares declined 11.2% to $2.04 in pre-market trading following a 23% decline on Wednesday.</li>
<li>Singularity Future Technology Ltd.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGLY#NASDAQ">SGLY</a>) declined 11.2% to $1.86 in pre-market trading after gaining around 35% on Wednesday.</li>
<li>Odyssey Marine Exploration, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMEX#NASDAQ">OMEX</a>) fell 9.3% to $1.27 in today's pre-market trading after jumping 182% on Wednesday. The company recently announced an award in its arbitration with the United Mexican States under Chapter Eleven of the North American Free Trade Agreement (NAFTA).</li>
<li>Smith Micro Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) shares fell 9.3% to $0.92 in pre-market trading after jumping around 6% on Wednesday.</li>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) shares fell 8.9% to $12.85 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40925678/fedex-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-an">FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

ALLR

EFSH

FRGT

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MYNA

OMEX

SGLY

SMSI

TBIO

VERO

WBUY

Why Exicure Shares Are Trading Higher By Around 180%; Here Are 20 Stocks Moving Premarket

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) to report quarterly earnings at $1.83 per share on revenue of $2.8 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Darden shares fell 0.2% to $158.77 in after-hours trading.</li>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) reported better-than-expected earnings for its second quarter, while <a href="https://www.benzinga.com/news/earnings/24/09/40929014/steelcase-stock-falls-after-q2-revenue-miss-details">sales missed estimates</a>. The company said it sees third-quarter revenue in a range of $785 million to $810 million and adjusted earnings of between 21 cents and 25 cents per share. Steelcase shares dipped 11.5% to $12.49 in the after-hours trading session.</li>
<li>Analysts are expecting FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) to post quarterly earnings at $3.62 per share on revenue of $546.81 million for the recent quarter. The company will release earnings before the markets open. FactSet Research shares gained 0.4% to $448.44 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Exicure Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) announced that it received an extension from the Nasdaq Hearings Panel. Exicure shares jumped 168.1% to $6.14 in the after-hours trading session.</li>
<li>Analysts expect FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) to post quarterly earnings at $4.80 per share on revenue of $21.96 billion after the closing bell. FedEx shares gained 0.5% to $299.79 in after-hours trading.</li>
</ul>
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<li><a href="https://www.benzinga.com/markets/24/09/40927530/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Photo via Wikimedia Commons

Darden Restaurants, FedEx And 3 Stocks To Watch Heading Into Thursday

Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) shares are falling after the company reported its second-quarter financial results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/09/g40927742/steelcase-reports-second-quarter-fiscal-2025-results">details from the report. </a>
The Details: Steelcase reported quarterly earnings of 39 cents per share, which beat the analyst consensus estimate of 37 cents. Quarterly revenue of $855.8 million missed the analyst consensus estimate of $864.1 million by 0.96%. 
The company saw growth in the Americas, driven by higher volume from large corporate, education and government customers, while International business declined, primarily driven by continued weakness in China.
&#8220;Our business continued to improve this quarter as our adjusted earnings grew 26% and we drove 3% order growth in the Americas,&#8221; said Sara Armbruster, president and CEO. &#8220;Our education business had especially strong results this quarter, which reflected the benefits of our strategy to diversify the customers and markets we serve.
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know">NVIDIA, Salesforce Announce Strategic AI Collaboration: What To Know</a>
Outlook: Steelcase sees third-quarter revenue in a range of $785 million to $810 million and adjusted earnings of between 21 cents and 25 cents per share. 
SCS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Steelcase shares are down 10.21% after-hours at $12.67 at the time of publication Wednesday. 
Read Also:
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/40904271/whats-going-on-with-amazon-stock">What&#8217;s Going On With Amazon Stock?</a></li>
</ul>
Photo: Oleg Gamulinskii from Pixabay

Steelcase Stock Falls After Q2 Revenue Miss: Details

Steelcase Sees Q3 Revenue $785M-$810M, Adj. EPS $0.21-$0.25

Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.37 by 5.41 percent. The company reported quarterly sales of $855.800 million which missed the analyst consensus estimate of $864.100 million by 0.96 percent. This is a 0.14 percent increase over sales of $854.600 million the same period last year.

Steelcase Q2 2025 Adj. EPS $0.39 Beats $0.37 Estimate, Sales $855.800M Miss $864.100M Estimate

The index futures are slightly higher early Wednesday as traders turn defensive ahead of the<a href="https://www.benzinga.com/markets/equities/24/09/40913751/50-or-25-bps-fed-rate-cut-markets-and-economists-at-odds-what-does-steeper-reduction-mean-for-in"> all-important Federal Reserve meeting of the year.</a> As is characteristic of a Fed decision day, stocks could mostly move sidewards in a narrow range until the rate decision is announced. The trading direction will likely depend on several factors, including any changes in the Fed&#8217;s language in the post-meeting policy statement, the growth, inflation, and rate forecasts provided in the Summary of Economic Projections, and Chair Jerome Powell&#8216;s comments during the subsequent press conference.
While the betting and futures market suggests a 50 basis point could be on the table, most economists are resigned to a more modest 25 bps cut. Some strategists even worry a bigger cut could be interpreted as a confession from the central bank that the economic conditions are a cause for concern.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.17%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.14%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.16%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.17%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) added 0.10% to $563.66 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.11% to $473.99, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
On Tuesday, a stronger-than-expected increase in August retail sales set in motion a strong buying wave, which, however, could not be sustained in the afternoon session. As a result, the major indices ended narrowly mixed. The S&amp;P 500 rose for a seven straight session, hitting an intra-day high amid the early buying. The broader gauge, however, came off the high and ended marginally higher. It is now at its best level since Aug. 23.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.20%</td>
<td>17,628.06</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.03%</td>
<td>5,634.58</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.04%</td>
<td>41,606.18</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.74%</td>
<td>2,205.48</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Offering his take on the focus of the market, Scott Merkle, managing partner of SLB Capital Advisors, said a cut is locked in, and the &#8220;market will now turn its attention to deciphering the meaning of a 25 basis point versus a 50 basis point reduction.&#8221; The strategist expects a reduction by 25 basis points from the 5.25%-5.50% level where the Fed funds rate is currently.  
&#8220;The Fed is likely to start small to provide an opportunity to adjust in future periods,&#8221; he said, adding that lower rates will reinvigorate M&amp;A activity, the sale-leaseback market and lower financing costs.
LPL Financial Chief Technical Strategist Adam Turnquist said, that in the last nine major rate hiking cycles since the 1970s, the S&amp;P 500 has generated mixed, modest returns over the three months following the first cut, with 12-month average and median returns of 5.5% and 10.8%, respectively.
The 12-month maximum drawdowns following the first cut have been around 19%–20%, larger declines than the average maximum drawdown for all years since 1974 of 14.4%, he added. &#8220;How the economy holds up and if we enter or avoid a recession will ultimately dictate how stocks perform over the longer term,&#8221; he added.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Commerce Department will release the housing starts and building permits report at 8:30 a.m. EDT. Economists, on average, expect housing starts to come in at a seasonally adjusted annual rate of 1.31 million units in August, up from a 1.24 million rate in July. Building permits, a measure of future activity, may have remained almost unchanged at 1.41 million units.</li>
<li>The Energy Information Administration is scheduled to release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Federal Reserve will release the post-meeting policy statement, along with the Summary of Economic Projections at 2 p.m. EDT. Powell will host a press conference at 2:30 p.m. EDT to explain away the rate decision and the rate outlook.</li>
</ul>
Stocks In Focus:
<ul>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) climbed over 3% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the Committee on Foreign Investment in the United States reportedly allowed time for the steelmaker&#8217;s pursuer Nippon Steel to close the deal, thereby keeping it alive.</li>
<li>General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is due to <a href="https://www.benzinga.com/calendars/earnings">release its earnings report ahead of the market opening</a>, while Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) will report after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell sharply, extending their steep loss from Tuesday, while gold futures rose modestly, ahead of the Fed decision. The benchmark 10-year Treasury note rose 2.4 points to 3.666%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained and approached the $60K psychological resistance.
In the currency market, the dollar was weaker against its major counterparts.
The major Asian markets that were open showed nervousness and settled mostly lower amid apprehension ahead of the U.S. Fed decision. The Australian, Japanese and Chinese markets bucked the downtrend, while the Hong Kong and South Korean markets were closed for public holidays.
European stocks were mostly lower in early trading, as market participants digested domestic inflation data and looked forward to the Fed decision. 
<ul>
<li>Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40891378/ahead-of-fomc-meeting-paul-krugman-says-fed-rates-will-be-elevated-even-with-50-bps" target="_blank" rel="noreferrer noopener">Ahead Of FOMC Meeting Paul Krugman Says Fed Rates Will Be Elevated Even With 50 Bps Cut: &#8216;Argument For Incrementalism Is Very Weak&#8217;</a></li>
</ul>
Image Via Shutterstock

Wall Street On Edge As Traders Look Forward To Fed's First Rate Cut In 4.5 Years: Strategist Says This Will Dictate How Stocks Perform Longer Term

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, but the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the S&amp;P 500 closing the session near the flatline after surging to a record high. Major indices recorded gains last week, with the S&amp;P 500 gaining 4% and the Nasdaq adding 5.9%. The Dow also climbed 2.6% last week.
The Federal Reserve is scheduled to announce its policy decision on Wednesday and is widely expected to cut interest rates.
Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) shares jumped 21% on Tuesday after the company announced preliminary third-quarter revenue above estimates. Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares gained 2.7% after the company announced a strategic collaboration with AWS to help advance US-based chip manufacturing.
On the economic data front, U.S. retail sales rose 0.1% month-over-month in August compared to a revised 1.1% gain in July, topping market estimates of a 0.2% decline. The NAHB/Wells Fargo Housing Market Index climbed to 41 in September versus 39 in the prior month. Total business inventories rose by 0.4% month-over-month in July compared to a 0.3% gain in June, topping market expectations of a 0.3% increase.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, energy, and industrials stocks recording the biggest gains on Tuesday. However, healthcare and consumer staples stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 16 points to 41,606.18 on Tuesday. The S&amp;P 500 rose 0.03% to 5,634.58, while the Nasdaq Composite rose 0.20% at 17,628.06 during Tuesday's session.
Investors are awaiting earnings results from General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>), and Sangoma Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANG#NASDAQ">SANG</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 54.9, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 54.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next:<a href="Cramer: Hewlett Packard Is A 'Very Inexpensive' Stock, Likes This Big Tech Stock"> </a>
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Long Ideas

INTC

SANG

US Stocks Settle Mixed Ahead Of Fed's Rate Decision: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) to report quarterly earnings at $1.06 per share on revenue of $4.80 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. General Mills shares rose 0.4% to $74.83 in after-hours trading.</li>
<li>23andMe Holding Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ME#NASDAQ">ME</a>) disclosed that the independent directors resigned from the Board. 23andMe shares dipped 15% to $0.29 in the after-hours trading session.</li>
<li>Analysts are expecting Steelcase Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) to post quarterly earnings at 37 cents per share on revenue of $864.10 million for the recent quarter. Steelcase shares gained 0.8% to $14.12 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) said it was awarded a NASA Near Space Network contract for communication and navigation services, with a maximum potential value of $4.82 billion. Intuitive Machines shares jumped 55.6% to $8.40 in the after-hours trading session.</li>
<li>Analysts expect Sangoma Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANG#NASDAQ">SANG</a>) to post a quarterly loss at 3 cents per share on revenue of $61.03 million after the closing bell. Sangoma Technologies shares 6% to $6.37 in after-hours trading.</li>
</ul>
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Image generated using AI tools

LUNR

General Mills, Steelcase And 3 Stocks To Watch Heading Into Wednesday

When it comes to short-term investing or trading, they say &quot;the trend is your friend.&quot; And there&#39;s no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our &quot;Recent Price Strength&quot; screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Steelcase (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scs#NYSE">SCS</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. SCS is quite a good fit in this regard, gaining 12.4% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 7.9% over the past four weeks ensures that the trend is still in place for the stock of this office furniture maker.
Moreover, SCS is currently trading at 82.4% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in SCS may not reverse anytime soon.
In addition to SCS, there are several other stocks that currently pass through our &quot;Recent Price Strength&quot; screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past.
<a href="https://www.zacks.com/stock/news/2300587/recent-price-trend-in-steelcase-scs-is-your-friend-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2300587">To read this article on Zacks.com click here.</a>

Small Cap

Recent Price Trend in Steelcase is Your Friend, Here's Why

Amid the increasing demand from various industries for innovative, technology-optimal, and efficient lighting products, Acuity Brands' (AYI) future growth appears promising with its strategic initiatives and solutions. So, let's analyze whether AYI could be an ideal investment opportunity for those looking to capitalize on the sector's expansion. Read on... Acuity Brands, Inc. (<a href="https://stocknews.com/stock/AYI/">AYI</a>), a market-leading industrial technology company, recently reported impressive financial results for the fiscal first quarter of 2025. AYI, operating through two primary segments, Acuity Brands Lighting and Lighting Controls (ABL), and the Intelligent Spaces Group (ISG), provides lighting, lighting controls, building management systems, and location-aware applications.
The company offers a wide range of lighting solutions, targeting consumers like electrical distributors, retail home improvement centers, electric utilities, and corporate accounts. Its extensive range of products reflects its commitment to catering to specific requirements and end-user satisfaction.
Recently, Acuity Brands acquired QSC, LLC, resulting in the expansion of its Intelligent Spaces business and future opportunities. During the first quarter, AYI's net sales from the Acuity Intelligent Spaces segment marked a strong growth of 14.5% from the year-ago value to $73.50 million, while its Acuity Brands Lighting sales were $886 million.
Acuity Brands keeps its operational vision and sustainability in sync with effective management and continuous efforts. The company endeavors to avoid greenhouse gas emissions through innovative products and services. Also, it has maintained sound cash flow. AYI's net cash from operating activities was $132.2 million for the quarter.
Besides, as complexes across different sectors rise, seeking efficient and conscious technologies, AYI stands out as a key player in the segment with its innovative solution, sustainable and environmentally aligned products, and vast product range.
The performance of AYI's shares is also consistent with its efforts and operations. AYI's stock surged 28.8% over the past six months to close its last trading session at $321.97. Also, the stock has climbed over 43% over the past year.
Let's look at factors that could influence AYI's performance in the upcoming months.
Positive Recent Developments
On October 24, 2024, AYI entered a definitive agreement to acquire QSC, LLC, a leader in the evolving AV&amp;C industry, for $1.22 billion. Through its Intelligent Spaces business, AYI caters to the end users powered by disruptive technologies. The strategic acquisition of QSC further strengthens the company's vision of delivering smarter, safer, and greener spaces.
AYI integrates QSC's advanced cloud-manageable audio, video, and control platform into its operations, resulting in innovation and sustainable growth.
Robust Financials
AYI's net sales increased 1.8% year-over-year to $951.60 million during the first quarter that ended November 30, 2024. Its gross profit grew 4.9% from the year-ago value to $449.30 million. Also, the company's adjusted operating profit rose 3.1% year-over-year to $158.70 million.
In addition, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> of $171.60 million indicates growth of 2.9% from the prior year's quarter. AYI's adjusted net income and EPS came in at $126.30 million and $3.97, up 8.1% and 6.7% over the previous year, respectively.
Also, as of November 30, 2024, the company's cash and cash equivalents stood at $935.60 million, compared to $845.80 million as of August 31, 2024.
Solid Historical Growth
AYI's revenue and EBITDA have grown at respective CAGRs of 2.4% and 5.3% over the past three years. The company's EBIT has increased at a CAGR of 7% over the same timeframe, while its net income and EPS have improved at CAGRs of 8.6% and 13.5%, respectively.
Furthermore, the company's tangible book value and levered free cash flow have improved at respective CAGRs of 30.4% and 22.8% over the past three years.
Favorable Analyst Estimates
Analysts expect AYI's revenue for the second quarter (ending February 2025) to increase 13.8% year-over-year to $1.03 billion. The consensus EPS estimate of $3.73 for the same quarter indicates a 10.5% year-over-year improvement. Moreover, AYI has an impressive earnings surprise history, having topped consensus EPS estimates in each of the trailing four quarters.
Further, looking forward to the fiscal year ending August 2025, the company's revenue and EPS are expected to grow 14.4% and 11.9% year-over-year to $4.39 billion and $17.41, respectively. Also, Street expects revenue and EPS of AYI for the fiscal year 2026 to increase 9.8% and 11.9% year-over-year to $4.82 billion and $19.49, respectively.
High Profitability
AYI's trailing-12-month gross profit margin of 46.72% is 47.4% higher than the industry average of 31.70%. Its trailing-12-month net income margin of 11.11% is 71.7% higher than the industry average of 6.47%. Also, the stock's trailing-12-month EBIT margin of 14.44% is 39.8% higher than the industry average of 10.33%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 18.94%, 12.25%, and 11.09% favorably compared to the industry averages of 13.46%, 7.18%, and 5.27%, respectively.
POWR Ratings Reflect Promise
AYI's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AYI has an A grade for Quality, consistent with its higher-than-industry profitability.
In addition, the stock has a B grade for Sentiment, which is in sync with the impressive analysts' anticipation.
AYI is ranked #2 in the 57-stock B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry.
Beyond what I have stated above, we have also given AYI grades for Growth, Value, Momentum, and Stability. Get access to all the AYI ratings <a href="https://stocknews.com/stock/AYI/">here</a>.
Bottom Line
AYI is a creative, industrial technology company operating through numerous highly respected brands within the lighting and intelligent spaces. The company's environment-conscious strategies, along with strategic acquisition, strong market position, and solid financial health, position it for bright long-term prospects.
The Board declared a quarterly dividend of $0.15 per share and repurchased approximately 17,000 shares of common stock for a total of approximately $5 million, supported by continued strong cash generation.
Given its reliable profitability, solid cash flow, and solid financial performance, AYI is poised to continue its upward trajectory in 2025 and beyond. Thus, now could be an opportune moment to consider adding this stock to one's holdings.
How Does Acuity Brands, Inc. (AYI) Stack Up Against Its Peers?
While AYI has an overall POWR Rating of A, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry with A (Strong Buy) or B (Buy) ratings: Steelcase Inc. (<a href="https://stocknews.com/stock/SCS/">SCS</a>), HNI Corporation (<a href="https://stocknews.com/stock/HNI/">HNI</a>), and Kingfisher PLC ADR (<a href="https://stocknews.com/stock/KGFHY/">KGFHY</a>).
For exploring more A and B-rated home improvement stocks, <a href="https://stocknews.com/category/home-improvement-goods/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AYI shares were trading at $324.02 per share on Wednesday morning, up $2.05 (+0.64%). Year-to-date, AYI has gained 10.92%, versus a 0.68% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/ayi-scs-hni-kgfhy-should-acuity-brands-be-your-next-investment-in-lighting-solutions/>Should Acuity Brands Be Your Next Investment in Lighting Solutions?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should Acuity Brands Be Your Next Investment in Lighting Solutions?

Steelcase: Boring Value For A Hot Market

Advancements in technology and a growing enthusiasm among homeowners for renovation projects are brightening the prospects for the home improvement industry. Amid this, let's compare Steelcase (SCS) and La-Z-Boy (LZB) to analyze which home improvement stock is a smarter buy. Read on to find out… Rapid urbanization and the growing demand for modern, smart homes are key drivers of the home improvement market. As cities grow and the standard of living improves, there is a greater demand for homes incorporating cutting-edge technology and modern design. The home improvement market is poised to grow at a <a href="https://www.skyquestt.com/report/home-improvement-market">CAGR of 6.7% by 2032</a>.
Additionally, in the home improvement market, the wave in interest for DIY projects has been noteworthy. Homeowners are increasingly focusing on personalizing their living spaces through DIY initiatives. The U.S. DIY home improvement market is forecast to grow at a <a href="https://www.technavio.com/report/diy-home-improvement-market-industry-in-the-us-analysis">CAGR of 3.7% by 2029</a>.
Against this backdrop, let's compare two established home improvement stocks to analyze which one is a smarter buy: Steelcase Inc. (<a href="https://stocknews.com/stock/SCS/">SCS</a>) and La-Z-Boy Incorporated (<a href="https://stocknews.com/stock/LZB/">LZB</a>).
The Case for Steelcase Inc. stock
Valued at $1.33 billion by market cap, Steelcase Inc. (<a href="https://stocknews.com/stock/SCS/">SCS</a>) provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments.
SCS has gained 1.3% intra-day months to close the last trading session at $11.68.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a>, SCS' 33.3% is 4.7% higher than the 31.77% industry average. Likewise, its 7.24% trailing-12-month levered FCF margin is 5.5% higher than the industry average of 6.86%.
In the fiscal third quarter that ended on November 22, 2024, SCS's revenue increased 2.2% year-over-year and amounted to $794.90 million. The company reported an operating income of $41 million, while its gross profit grew 5.2% from the prior-year quarter to $165.40 million. Its attributable net income came in at $19.10 million.
Street expects SCS' revenue for the fiscal fourth quarter (ending February 2025) to increase 2% year-over-year to $790.90 billion. Its EPS for the same period is expected to be $0.21. In addition, it surpassed the EPS estimates in each of the trailing four quarters, which is promising.
SCS' <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect solid prospects. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
SCS is ranked first out of 57 stocks in the <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry. It has an A grade for Value and Sentiment and a B for Growth and Quality. To see SCS's Momentum and Stability ratings, <a href="https://stocknews.com/stock/SCS/">click here</a>.
The Case for La-Z-Boy Incorporated Stock
Valued at $1.88 billion by market cap, La-Z-Boy Incorporated (<a href="https://stocknews.com/stock/LZB/">LZB</a>) markets, imports, exports, distributes, and retails upholstery furniture products in the United States, Canada, and internationally. It operates through Wholesale and Retail segments. 
LZB has gained 36.8% over the past nine months to close the last trading session at $45.28.
In terms of the trailing-12-month gross profit margin, LZB's 43.37% is 15.5% higher than the 37.55% industry average. However, its 7.51% trailing-12-month EBIT margin is 7.3% lower than the industry average of 8.11%.
LZB's sales for the second quarter that ended October 26, 2024, were reported at $521.03 million. However, the company's non-GAAP net income and non-GAAP earnings per share declined 6% and 4% year-over-year to $30.23 million and $0.71, respectively.
Street expects LZB's revenue for the third quarter ending January 2025 to increase 3.2% year-over-year to $516.47 million. However, the company's EPS for the same quarter is expected to decline marginally year-over-year to $0.67. Moreover, the company surpassed consensus revenue and EPS estimates in three of the trailing four quarters.
LZB's mixed fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to Neutral in our proprietary rating system.
LZB has a C grade in Value, Momentum, Stability, Sentiment, and Growth. It is ranked #24 in the same industry.
<a href="https://stocknews.com/stock/LZB/">Click here</a> for the additional POWR Ratings for LZB (Quality).
Steelcase Inc. (SCS) vs. La-Z-Boy Incorporated (LZB): Which Home Improvement Stock Is a Smarter Buy?
The home improvement industry is expected to see steady growth driven by increased demand for remodeling and renovation projects. Trends include a focus on energy efficiency, sustainability, and smart home technology.
Leading home-improvement companies, such as SCS and LZB, stand to capitalize on the optimistic industry outlook. However, SCS' higher profitability and promising near-term outlook favor it as the better stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Home Improvement &amp; Goods industry <a href="https://stocknews.com/category/home-improvement-goods/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
LZB shares were trading at $45.67 per share on Tuesday afternoon, up $0.39 (+0.86%). Year-to-date, LZB has gained 4.82%, versus a 3.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/lzb-scs-steelcase-inc-scs-vs-la-z-boy-incorporated-lzb-which-home-improvement/>Steelcase Inc. (SCS) vs. La-Z-Boy Incorporated (LZB): Which Home Improvement Stock Is a Smarter Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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