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
Armbruster is the 10th CEO in the 109-year history of Steelcase Sara Armbruster Sara Armbruster GRAND RAPIDS, Mich., Oct. 04, 2021 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) announced today Sara Armbruster has succeeded Jim Keane as president and chief executive officer. Keane, who previously announced his plan to retire in January 2022, will continue at Steelcase as vice chair until his retirement from the company. Armbruster brings more than two decades of experience in corporate strategy
Steelcase Inc.’s ( NYSE:SCS ) dividend will be increasing to US$0.14 on 15th of October. This makes the dividend yield…
Orders grew 24% compared to prior year and 12% compared to first quarterSecond quarter revenue impacted by supply chain disruptions, which are expected to persist into third quarterThird price increase of fiscal 2022 announced in response to continued significant inflationary pressuresOutlook for third quarter reflects revenue growth of 22% to 27% over prior year GRAND RAPIDS, Mich., Sept. 22, 2021 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $724.8 mil
The fiscal 2021 Steelcase Impact Report shares key commitments and accomplishments around the company’s environmental, social and governance effortsGRAND RAPIDS, Mich., Sept. 14, 2021 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today published its latest Impact Report, detailing its continued commitment to preserving the planet, advancing wellbeing and equity for all and running the business with integrity. The report expands on the company’s previously published environmental goals and outli
COLUMBUS, Ohio, September 08, 2021–Battelle, the lead organization of the Army Educational Outreach Program (AEOP), is funding a new science, technology, engineering and mathematics (STEM) challenge in partnership with Future Engineers, an organization that administers free, online STEM challenges for students.
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