SHORT TRADE IDEA
Entry: with price below 10.82
Volume: with volume greater than average
Target: 8.90 area (this is an area, no guarantee it reaches this price, but you should be selling on the way down)
Stop: Depending on your risk tolerance; I would have a hard stop set at 11.39, 1 penny over the high of the gap up candle.
LONG TRADE IDEA
Entry: with...
Steelcase (SCS) reported earnings of $0.31 per share on revenue of $854.60 million for the fiscal second quarter ended August 2023. The consensus earnings estimate was $0.198 per share on revenue of $854.6million. The company beat consensus estimates by 56.96% while revenue beat expectations by 3.11%.
The company said it expects third-quarter non-GAAP earnings of...
Potential bottom may emerge at the bottom of this little channel formed. If not a recovery here then recovery at the green horizontal line below. This will be the test if the channel is valid.
7 P/E ratio
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments. The firms furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches,...
The Monthly Time Frame at The Around $20 The Market Created In The Past A solid resistance Area It Seems To Be That The MArket Wants To Break That Level Now.
The Market On The Monthly Did Not Yet Close Above We Still Have 1 More Day To Go,
on The Weekly Though We Can Clearly See That The Market Broke And Close Above, And Is Now Retesting The Previous Highs That...
$SCS made new 52-week highs after posting a strong Q3. Judging from the technical breakout, we believe this rally will continue.
Steelcase (SCS +16.9%) Q3 revenue increased 6% Y/Y to $955M, led by strong growth in the Americas on favorable timing of shipments, in part due to the timing of the U.S. Thanksgiving holiday.
Operating margin improves ~290bps to 7.9%,...
Earnings per share $.46c consensus $.35
FY20 $1.41-$45 consensus $1.35
P/e ratio 16.61
Yield 3.04%
short interest 3.34%
Company profile
Steelcase, Inc. engages in the provision of furnishing solutions, and architecture, furniture, and technology products. It operates through following segments: Americas, EMEA, and Others. The Americas segment serves customers in...
I don't see a whole bunch of companies buying furniture when everybody has been projecting a recession next year. Stock has dropped after the last 3 earnings, can it go for four?
This recent market pump was caused by ECB rate cut and has nothing to do with reality. Every company reporting this afternoon has dropped. We'll see if SCS is another....
Note: ...
After a slowdown in sales in 2016 the company's management has put forth an effort to revamp products with changing industry trends.
The company, as of late 2016, has presented their plan to revamp existing products and launch new ones. Some in partnership with Microsoft.
Even earlier in the year, the company showed progress with sales decline greatly slowing...
