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
We recently compiled a list of the 10 Dividend Paying Stocks Insiders Are Buying. In this article, we are going to take a look at where Shoe Carnival, Inc. (NASDAQ:SCVL) stands against the other dividend paying stocks. Uncertainty is not among the market’s favorites. Yet, at present, uncertainty is prevailing throughout the market. The U.S.-China trade […]
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Shoe Carnival Inc (SCVL) reports steady EPS amidst weather disruptions and strategic advancements in Q3 2024.
As the United States market experiences heightened volatility with significant drops in major indices like the Dow and Nasdaq, investors are increasingly turning their attention to more stable investment options. In such uncertain times, dividend stocks can offer a measure of reliability and income potential, making them an attractive choice for those seeking to navigate turbulent markets.
Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor. The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.
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.