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, Inc. ( NASDAQ:SCVL ), is not the largest company out there, but it led the NASDAQGS gainers with a…
Shares of Shoe Carnival jumped 5.2% on Friday after the footwear company reported fourth-quarter preliminary results that exceeded the Street’s estimates. The company is scheduled to report its fourth-quarter results on March 24. Shoe Carnival (SCVL) expects to report earnings for the quarter ending on Jan. 30, in the range of $0.50-$0.52 per share, which is higher than analysts’ estimates of $0.32 per share. Furthermore, its 4Q EPS projection is more than double the earnings of $0.24 per share posted during the same quarter last year. The company sees revenues of $253.9 million, compared to the consensus estimates of $242.8 million and the sales of $239.9 million generated during the same period a year-ago. The company forecasted comparable store sales growth of approximately 6.4% compared to 3.2% growth in the year-ago period. Shoe Carnival’s CEO Cliff Sifford said, “We realized a comparable store sales increase in excess of six percent, drove an impressive bottom line through incredible margin growth, and continued our explosive e-commerce growth.” (See Shoe Carnival stock analysis on TipRanks) Following the results, Pivotal Research analyst Mitch Kummetz raised the stock’s price target to $60 (18.2% upside potential) from $48 and maintained a Buy rating. In a note to investors, the analyst said, “We suspect that strong growth was led by athletic and boots, as the COVID-driven casual/comfort trend continues, and boots were likely also helped by favorable weather in December and January.” Kummetz added, “We also remain bullish that SCVL’s momentum can continue, especially as another round of stimulus becomes more likely.” The rest of the Street has a bullish outlook on the stock with a Strong Buy consensus rating based on 3 Buys and 1 Hold. The average analyst price target of $47 implies downside potential of about 7.4% to current levels. Shares jumped by about 38.3% over the past year. Related News:Skechers Dips 4.6% On 4Q Profit MissMonmouth’s 1Q AFFO Disappoints; Shares DropPinterest 4Q Earnings Beat Estimates; Shares Pop 11.7% Pre-Market More recent articles from Smarter Analyst: Illinois Tool’s ‘Record’ Operating Margin Drives 4Q Profit Beat Will Uber Become the Western WeChat? Analyst Weighs In PayPal: New Features Keep Driving the Bull Thesis Is Peloton Stock a Buy Right Now? This Is What You Need to Know
Shoe Carnival Inc. said Friday that preliminary fourth-quarter sales totaled $253.9 million, ahead of the FactSet consensus for $242.8 million and up from $239.9 million the year prior. Comparable sales increased 6.4%. Shoe Carnival is scheduled to report fourth-quarter earnings on March 30. Shares have rallied 40.3% over the last three months, and are up 27.8% over the past year. The benchmark S&P 500 index is up 16.1% for the last 12 months.
SHOE CARNIVAL ANNOUNCES PRELIMINARY FOURTH QUARTER RESULTS
On December 17, 2020, Shoe Carnival (NASDAQ:SCVL) announced shareholders can expect to receive a dividend payable on January 25, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Shoe Carnival has an ex-dividend date set for for January 8, 2021. The company’s current dividend payout is $0.09, which equates to a dividend yield of 0.98% at current price levels.The Significance Of Ex-Dividend Dates An ex-dividend date signals when a company’s shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company’s ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.Understanding Shoe Carnival’s Dividend Performance Over the past year, Shoe Carnival has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on January 10, 2020 the company’s payout was $0.09, which has returned to its value today. Shoe Carnival’s dividend yield last year was 0.91%, which has since grown by 0.07%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more about Shoe Carnival click here.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Wednesday * Stocks That Hit 52-Week Highs On Tuesday(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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.
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| 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