Jump Report
Avg Daily Volume: 488,407 Market Cap: 483.78M
Sector: Services Short Interest: None
EARNINGS EXPECTATIONS:
ESTIMATED EPS: .84/share REV: 258.9/M
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LAST QTR: EPS: .O8/share ESTIMATED: .06 /share (BEAT)
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NEXT QTR: EPS: .76/share REV: 271.06/M
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FY19: EPS: 2.66/share REV: 1,004/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 71% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 23.75, 13.29, 20.29
POTENTIAL JUMP MOVE: 15-20%
Links To Latest News and Headlines
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to…
In this article, we will take a look at the 11 companies making headlines on earnings reports. You can skip our detailed analysis of these companies and go directly to the 5 Companies Making Headlines on Earnings Reports. Notable stocks from the tech and consumer cyclical sectors, including Cisco Systems, Inc. (NASDAQ:CSCO), Bath & Body […]
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.
Shares of Shoe Carnival (NASDAQ: SCVL) were sliding Wednesday. A strong first-quarter earnings report wasn’t enough to buck the broader fears in the retail industry after big-box chains like Walmart and Target badly missed bottom-line estimates. As of 10:14 a.m. ET, Shoe Carnival stock was down 13%.
View more earnings on SCVLSee more from BenzingaLowe’s Q1 Sales Miss Street View; Affirms FY22 OutlookTarget Shares Plunge On Q1 Bottom-Line Miss, Margin PressureDon’t miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
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ANALYSIS:
StockJumpers trajectory analysis reveals a negative reaction to the earnings release and we see the price dropping post release. This is following a similar pattern to the recent retail plays – where they are a bit softer on sales than expected. They did extremely well last quarter, and the stock popped 23% on the news. Most of that gain has been eroded over the last few weeks and expectations are higher this quarter. We will be looking at their forward guidance as the metric that will move the stock price, as next quarters guide will have a lot to do with how today’s price action unfolds.
We are SHORT on this event
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TRADE PLAN:
ENTRY: SELL – end of day (watch for some of the move to be priced in)
STOP LOSS: NA
TAKE PROFIT: 12%
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UPDATE: (2:55PM) Our bias remains short. Due to volume issues there may not be any movement until the AM. We are also concerned that much of the move may be priced in and would be more comfortable shorting this stock at 34/share vs. 31/share.
POST RELEASE ACTION: They missed on both the top and bottom, but raised guidance which seems like an easy way to prevent a huge sell-off.
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.