HERMAN MILLER (MLHR)
EARNINGS RELEASE - SEPTEMBER 16 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .26/share REV: 524.8/M
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NEXT QTR: EPS: .49/share REV: 568.5/M
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FULL YR: EPS: 1.79/share REV: 2,250/M
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LAST QTR: EPS: -.10/share ACTUAL: .11/share (BEAT)
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BEAT/MISS RECORD: 80% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -10.3, 23.68, 18.29
EXPECTED JUMP MOVE THIS QUARTER: 10+%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
It’s no secret that people are buying more furniture as they spend money on their homes that they would have used for entertainment. One company that’s getting a spike from that trend is Herman Miller, whose Relative Strength (RS) Rating shot to 84 Tuesday, up from 79 earlier. The 84 RS Rating means that Herman Miller has outperformed 84% of all stocks over the past year.
Herman Miller President and Chief Executive Officer, Andi Owen, recently signed the CEO Action for Diversity and Inclusion™ (CEO Action) pledge, joining more than 1,100 other leaders across 85 industries committed to advancing diversity and inclusion goals.
Logitech G, a brand of Logitech (NASDAQ: LOGI), and Herman Miller (NASDAQ: MLHR) took a first step into the world of seating ergonomics for gamers, streamers, and esports athletes today when they unveiled a series of high performance gaming furniture and accessories, including the Embody Gaming Chair, the industry's first truly ergonomic chair.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Design Within Reach, Inc. (DWR), is proud to announce the launch of its newly redesigned website at www.dwr.com. The new cutting-edge site features improved functionality, enhanced content, easy access to product information, enriched storytelling capabilities, and a streamlined and welcoming look and feel that reflects DWR's authentic, modern product offering.
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
ANALYSIS:
Price is up 7% from open with investors feeling this will be a positive release. We will be posting analysis at 1pm EST today on this trade.
We are biased long on this event, though concerned the move may be priced in.
UPDATE: We remain long and will enter prior to close.
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OUR TRADE PLAN:
ENTRY: BUY
STOP LOSS: N/A
INITIAL PROFIT TARGET: 8%
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TRADE ASSIST: N/A
POST RELEASE ACTION:
There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
Members who are too busy to manual trade can use Trade Assist. For more information visit here
Avg Daily Volume: 679,937 Market Cap: 1.42B
Sector: Consumer Goods Short Interest: 4.38
Ticker delayed 20 minutes
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by Team Stockjumpers