JUMP REPORT
STEELCASE (SCS)
EARNINGS RELEASE - JUNE 30 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.14/share REV: 530.3/M
___________________________________________________________
LAST QTR: EPS: .83/share ACTUAL: .83/share (BEAT)
____________________________________________________________
NEXT QTR: EPS: .20/share REV: 774.67/M
______________________________________________________
FULL YR: EPS: .61/Share REV: 2,920/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
__________________________________________________________________
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%
——–
*** 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.
___________________
OUR TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A
INITIAL PROFIT TARGET: 10%
___________________
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
NOTICE: All data on this site has been published for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced here or in our websites. StockJumpers is not an Investment Adviser and relies on the publisher’s exemption as defined in Section 401(f) of the Uniform Securities Act, and provides no personal advice or recommendations. The services and published information contained herein is for non-commercial, educational use and display. StockJumpers and any of its affiliates does not represent that the securities or services discussed are suitable for any investor. You should assume that StockJumpers and or its management has or will take a position in the stock, whether it is stated or not. You are further advised not to rely on any information contained in this report and associated websites in the process of making a fully informed investment decision. Trading is risky and you can lose your investment. For the complete risk disclosure and other legal information please review the full Terms of Use Agreement.
by Team Stockjumpers