SHOE CARNIVAL (SCVL)
EARNINGS RELEASE - SEPTEMBER 1 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .61/share REV: 310.5/M
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NEXT QTR: EPS: .97/share REV: 284.2/M
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FULL YR: EPS: .66/share REV: 985.9/M
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LAST QTR: EPS: -.63/share ACTUAL: -1.16/share (MISS)
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BEAT/MISS RECORD: 63% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 25.23, 7.67, 23.04
EXPECTED JUMP MOVE THIS QUARTER: 10-15%
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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 tradin
Links To Latest News and Headlines
SHOE CARNIVAL TO PARTICIPATE IN MORGAN STANLEY VIRTUAL GLOBAL CONSUMER & RETAIL CONFERENCE
Its e-commerce business, however, advanced upwards of 150%.
Shoe Carnival (SCVL) delivered earnings and revenue surprises of 60.94% and -0.19%, respectively, for the quarter ended October 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Shoe Carnival (NASDAQ:SCVL) were flat in after-market trading after the company reported Q3 results.Quarterly Results Earnings per share increased 9.57% year over year to $1.03, which beat the estimate of $0.70.Revenue of $274,579,000 declined by 0.02% year over year, which missed the estimate of $275,580,000.Outlook Earnings guidance hasn’t been issued by the company for now.Shoe Carnival hasn’t issued any revenue guidance for the time being.Details Of The Call Date: Nov 18, 2020View more earnings on SCVLTime: 04:30 PMET Webcast URL: https://investors.shoecarnival.com/events-and-presentations/default.aspxRecent Stock Performance 52-week high: $40.1552-week low: $12.56Price action over last quarter: down 0.20%Company Profile Shoe Carnival Inc is a footwear retailer with hundreds of stores in the United States. It offers moderately priced, name-brand dress, casual, and athletic footwear for men, women, and children. Its average store has more than 27,000 pairs of shoes. The company promotes a shopping experience that includes contests, games, and a person on a stage with a microphone to announce limited-time specials. To enable its value-pricing strategy, Shoe Carnival minimizes staffing needs by housing all merchandise on the selling floor and leases store locations in open-air shopping centers. The company buys its merchandise from hundreds of vendors, with Nike and Skechers accounting for a substantial portion of total company sales. All merchandise goes through the company’s distribution center in Indiana.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For November 18, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shoe Carnival Reports Third Quarter Fiscal 2020 Results
StockJumpers analysis and trade plans are finalized and uploaded generally one house before market cloase (3PM EST) for most events unless noticed.
ANALYSIS:
Stockjumpers trajectory analysis has the market reaction as negative, even though the last 3 quarters the stock went way up despite missing big on earnings, and has kept climbing the last few weeks with a huge rise in the last 30 days.
We are biased short on this event based on our recent models. We will run models until end of day and update accordingly.
UPDATE: We remain biased short and will sell end of day
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OUR TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A
INITIAL PROFIT TARGET:
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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: 165,096 Market Cap: 366.14M Sector: Services Short Interest: 27.66 |
Ticker delayed 20 minutes
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by Team Stockjumpers