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
Yext (YEXT) delivered earnings and revenue surprises of -7.69% and 0.78%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?
GRAND RAPIDS, Mich., Nov. 27, 2024 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2025 financial results on Thursday, December 19, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 18, 2024, after the market closes. About Steelcase
Steelcase Inc. ( NYSE:SCS ), is not the largest company out there, but it saw a decent share price growth of 13% on the…
Key Insights The projected fair value for Steelcase is US$19.23 based on 2 Stage Free Cash Flow to Equity Steelcase’s…
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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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