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

04 Aug, 2020 @ 17:31 by Yahoo! Finance

Jim Farley will take the helm of the iconic automaker in October Continue reading…

Our Biannual Investor Conference has become a leading forum for small-cap companies to interface with investors specifically interested in the small-cap equities.

Alliance offers designers and customers access to the family-owned company’s portfolio of furniture through the reliable Steelcase dealer network GRAND RAPIDS, Mich., July.

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

Recently, Steelcase was named a 2020 honoree of The Civic 50, an initiative of Points of Light. “At Steelcase, we believe business can be a force for good and, by leveraging our scale and resources around the globe, we can make a real difference in the communities where we live and work,” said Kim Dabbs, director of social innovation at Steelcase. Steelcase’s social innovation efforts prioritize furthering inclusive and equitable quality education, reducing inequalities and creating sustainable communities and cities.

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

JUMP BACK

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.