JUMP REPORT
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
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Shares for Shoe Carnival dropped 15% on Wednesday after the footwear retailer reported first quarter 2022 earnings impacted by rising costs of transportation and fuel.
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