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

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.

01 Jul, 2020 @ 19:38 by Yahoo! Finance

Shares of office furniture maker Steelcase (NYSE: SCS) fell as much as 14.3% on Wednesday due to a disappointing first-quarter earnings report. Steelcase’s first-quarter sales fell 41% year over year to $483 million. Empty offices are a nightmare for Steelcase.

30 Jun, 2020 @ 20:05 by Yahoo! Finance

Revenue and orders declined significantly as a result of government restrictions and economic uncertainty associated with the global pandemicCost reduction actions and.

Steelcase today announces its collaboration with MIT professor and disease transmission specialist Dr. Lydia Bourouiba, director of The Fluid Dynamics of Disease Transmission at MIT to study disease transmission in the workplace. Bourouiba specializes in fluid dynamics and understanding properties of turbulent gas clouds that are produced when people exhale, sneeze or cough and how that spreads respiratory pathogens.

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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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