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
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F filings […]
GRAND RAPIDS, Mich., July 19, 2021 (GLOBE NEWSWIRE) — Steelcase, Inc. (NYSE: SCS) announces that David Sylvester, Senior Vice President and Chief Financial Officer and Allan Smith, Vice President, Global Marketing will participate in the Water Tower Research Fireside Chat Series tomorrow, Tuesday, July 20, 2021, at 3:30 p.m. ET via live webcast. A link to the webcast and registration will be available at http://ir.steelcase.com. A replay will be available shortly after the webcast concludes. Ab
In last week’s article on three stocks to avoid, I predicted that Royal Caribbean (NYSE: RCL), Steelcase (NYSE: SCS), and Osprey Bitcoin Trust (OTC: OBTC) would have a rough few days. Royal Caribbean moved 4% upstream for the week. The cruise line moved higher despite having to remove two young passengers who tested positive for COVID-19 along with their families on the first test cruise of its Adventure of the Seas ship.
Steelcase Inc. ( NYSE:SCS ) stock is about to trade ex-dividend in 4 days. Typically, the ex-dividend date is one…
Orders grew 11% compared to prior year and 25% compared to fourth quarter, reflecting momentum as companies plan to return to the officeRevenue increased 15% compared to prior year, with broad-based growth across all segments Price increases expected to begin offsetting significant inflationary pressures later in fiscal yearOutlook for second quarter and remainder of year expects strengthening recovery driven by reopening of officesDividend restored to pre-pandemic level of $0.145 per share GRAN
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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by Team Stockjumpers