JUMP REPORT
STEELCASE (SCS)
EARNINGS RELEASE - JUNE 30 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.14/share REV: 530.3/M
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LAST QTR: EPS: .83/share ACTUAL: .83/share (BEAT)
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NEXT QTR: EPS: .20/share REV: 774.67/M
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FULL YR: EPS: .61/Share REV: 2,920/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 58% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 20.13, 20.64, 10.27
EXPECTED JUMP MOVE: 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 trading.
Links To Latest News and Headlines
In this article, we will discuss the 10 return to office stocks to buy in 2022. If you want to read about similar stocks, you can go to 5 Return-to-Office Stocks to Buy in 2022. Before discussing the 10 return-to-office stocks to buy in 2022, we would like to highlight some key trends in the […]
Expected acquisition will add to the company’s expanding community of brands, providing designers and customers with an extensive range of wood furnishings and fueling the growth of HALCONGRAND RAPIDS, Mich., May 05, 2022 (GLOBE NEWSWIRE) — Steelcase Inc. announced today it has signed a definitive agreement to acquire HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition will complement the current portfolio of Steelcase woo
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we’d want to…
By Sam Boughedda
Fourth quarter results: Orders grew 27% and revenue increased 11% compared to prior year, with broad-based growth across all segmentsSignificant inflationary pressures and supply chain disruptions continued to impact operating results Outlook: First quarter guidance reflects significant revenue growth over prior year and continuation of supply chain disruptions and inflationary pressuresCompany targets strong revenue and earnings growth in fiscal 2023 driven by expected benefits of pricing actio
StockJumpers analysis and trade plans are uploaded generally 1 HOUR BEFORE MARKETS CLOSE (3PM EST) for most events.
ANALYSIS:
With the virus and shutdowns across the country revenue expectations are lowered but they still may miss. The trajectory models have a negative market reaction, which is likely based on slower than expected recovery numbers going forward.
We are biased short.
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OUR TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A
INITIAL PROFIT TARGET: 10%
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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: 915,856 Market Cap: 1.32B
Sector: Consumer Goods Short Interest: 4.14
Ticker delayed 20 minutes
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