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
When you buy shares in a company, there is always a risk that the price drops to zero. But when you pick a company that…
Investors in Shoe Carnival, Inc. ( NASDAQ:SCVL ) had a good week, as its shares rose 4.2% to close at US$59.58…
The retailer shared a goal of overhauling approximately two-thirds of its locations in the next three to five years.
Shoe Carnival forecasted better-than-expected figures for the first quarter after fiscal 4Q earnings topped consensus estimates, driven by top-line growth and margin expansion. Shares of the shoe store company rose 2.1% in Wednesday’s extended trading session after closing almost 1% lower on the day. Shoe Carnival’s (SCVL) 4Q earnings more than doubled on a year-over-year basis to $0.52 per share and beat the Street estimates by $0.01 per share. Net sales increased 5.8% to $253.9 million and were in-line with analysts’ expectations. The company’s comparable-store sales jumped 6.4% in the quarter, while gross profit margin increased to 30.8%, up 170 basis points year-over-year. (See Shoe Carnival stock analysis on TipRanks) Shoe Carnival CEO Cliff Sifford said, “We remain focused on maintaining our financial flexibility and expanding market share, while placing an added emphasis on our merchandising strategy and in-store experience. In addition, we will continue to enhance our e-commerce capabilities, delivering growth well ahead of our previous expectations.” For the first quarter of the fiscal year 2021, the company expects EPS of $1.40, versus the consensus estimates of $0.99. Revenue is anticipated to be $273 million, higher than analysts’ expectations of $253.5 million. Shoe Carnival also plans to resume the share repurchase program in fiscal 2021. Recently, Shoe Carnival announced that Mark Worden will succeed Cliff Sifford as CEO, effective from Sep. 30, 2021. Additionally, the company raised its quarterly cash dividend by 56% to $0.14 per share, to be paid on April 19 to shareholders of record as of April 5. The company’s annual dividend of $0.56 per share now reflects a dividend yield of 1.04%. On March 22, Pivotal Research analyst Mitch Kummetz increased the stock’s price target to $64 (18.6% upside potential) from $60 and reiterated a Buy rating. Kummetz said, “1Q21 trends picking up on easier comparison and stimulus.” The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating based on 2 Buys. The average analyst price target of $61.50 implies 14% upside potential to current levels. Shares have increased 56.8% over the past six months. Related News: Ollie’s 4Q Results Beat Analysts’ Expectations As Sales Pick Up; Shares Gain After-Hours GameStop’s Quarterly Results Disappoint; Shares Drop 15% After-Hours aTyr Pharma Pops 6% On Lower-Than-Feared Quarterly Loss, Revenue Outperforms More recent articles from Smarter Analyst: KB Home’s 1Q Profit Beats Estimates On Housing Market Boom; Shares Tank 3% RH’s 4Q Results Top Estimates As Housing Demand Picks Up; Shares Pop After-Hours Evolus Slips 10% On Wider-Than-Expected 4Q Loss Winnebago Crushes 2Q Estimates On Strong Consumer Demand
Shares of Shoe Carnival (NASDAQ:SCVL) increased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 116.67% year over year to $0.52, which beat the estimate of $0.51. Revenue of $253,897,000 up by 5.85% from the same period last year, which missed the estimate of $253,900,000. Looking Ahead 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: Mar 24, 2021 View more earnings on SCVL Time: 04:30 PM ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.shoecarnival.com%2F&eventid=2947855&sessionid=1&key=40522358A82C5D0CA7D28627CD40D1AF®Tag=&V2=false&sourcepage=register Price Action 52-week high: $58.35 Company’s 52-week low was at $14.03 Price action over last quarter: Up 47.78% 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 BenzingaClick here for options trades from BenzingaEarnings Scheduled For March 24, 2021Preview: Shoe Carnival’s Earnings© 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.
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