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10 Diversified Stocks to Buy Ahead of Earnings

4. Steel Case (SCS - Get Report) is an office furniture manufacturer. SCS will announce third-quarter fiscal 2012 results on Dec. 21.

Net income for the quarter is estimated at $24.93 million, or 19 cents per share, compared to $23.5 million, or 18 cents per share, in the same quarter prior fiscal, according to analysts polled by Bloomberg. Sales are seen at $707.33 million, an increase of 5% from $672.6 million recorded in the fourth quarter of fiscal 2011.

Operating profit for the period is seen growing 11% to $38.53 million. Return on equity during the quarter rose to 12.84% from negative 0.5% earlier, while return on assets increased to 4.55% from negative 0.2%. The company's book value per share is expected to have increased to $5.57 from $5.34.

Of the five analysts covering the stock, three recommend a buy and two rate a hold. Analysts polled by Bloomberg expect the stock to gain an average 74.6% to $11.88 from current levels over the next 12 months.

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