Zacks Sell List Highlights: International Speedway Corp., Mosaic Co., UTi Worldwide Inc. and Steelcase Inc.

Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): International Speedway Corp. (Nasdaq: ISCA) and Mosaic Co. (NYSE: MOS). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: UTi Worldwide Inc. (Nasdaq: UTIW) and Steelcase Inc. (NYSE: SCS). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why ISCA and MOS have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:

International Speedway Corp. (Nasdaq: ISCA) now expects full-year profit of $1.80 to $1.90 per share, in contrast to its prior view of $1.80 to $2.00. The Zacks Consensus Estimate is currently pegged at $1.82 per share. Earlier this month, the company posted a third quarter profit of 33 cents per share, which was 5 cents behind analysts’ expectations. Revenues slipped 19% to $172.9 million.

Mosaic Co. (NYSE: MOS) saw a 91% year-over-year decrease in first quarter earnings on the back of lower prices for its fertilizers. On Oct 5, the company posted earnings per share of 23 cents, missing the Zacks Consensus Estimate by 10 cents. Quarterly revenues declined 66% to $1.46 billion. The Zacks Consensus Estimate for the current year is down to $2.76 per share from $3.30 over the past month as 9 out of 11 analysts pulled back on forecasts.

Here is a synopsis of why UTIW and SCS have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;

UTi Worldwide Inc.’s (Nasdaq: UTIW) second-quarter earnings of 15 cents per share, reported in September, fell 46% on a year-over-year basis. It also missed analysts’ expectations by almost 17%. The quarter recorded a 33% decline in revenues, amounting to $840.50 million. The Zacks Consensus Estimate for the year fell a penny to 57 cents per share in the last 30 days as 1 analyst out of 11 reduced on estimates.

Steelcase Inc. (NYSE: SCS) posted a second quarter loss of 1 cent per share last month while analysts had projected a profit of 1 cent. The quarterly earnings per share also marked a 104% decrease, compared to last year’s profit of 28 cents. Revenues fell 36% to $578.1 million. The Zacks Consensus Estimate for the full year is 1 cent per share that dropped 6 cents over the past two months, reflecting cuts by all of the 3 covering analysts.

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About the Zacks Rank

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank Stocks have generated an average annual return of +27%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (-0.9% versus +9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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