SCS Long Tradema cross 33/72 moving average on weekly Looking to take a 1.50 risk to reward ratio on this trade. 15.00 target 10.00 stop Longby evnrandy0
SCS , Bull Expanding TriangleBull expanding Triangle off the move from good earnings. Expect move to 15 dollarsLongby evnrandy0
SCS Entry, Volume, Target, StopSHORT 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 price above 11.38 Volume: with volume greater than average Target: 5-10% above entry price area or as long as price closes above the 8-10EMA (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; I would stop out on a close lower than the previous days candle as the market is just not in a good place right now. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader. by tradepatientlyUpdated 1
September Trades (SCS, BUY, 9.20-9.20, 10%)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 $0.23 to $0.27 per share on revenue of $780.0 million to $805.0 million. The current consensus earnings estimate is $0.19 per share on revenue of $820.67 million for the quarter ending November 30, 2023. The company said it expects fiscal 2024 non-GAAP earnings of $0.80 to $0.90 per share. The company's previous guidance was earnings of $0.55 to $0.75 per share and the current consensus earnings estimate is $0.66 per share for the year ending February 29, 2024. Steelcase, Inc., is engaged in furnishing the work experience in business, education and healthcare environments. It operates within its Americas and EMEA reportable segments plus an “Other” category.Longby 1hour_trading0
SCS - Trying to Find a BottomPotential 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.by Bixley0
Multiple bottom on quality company that pays a 5% dividend. SCSBuilding a large position in $SCS here @$11. Would add on any further breakdown. Top tier company that will benefit from our return to the office.Longby Barker0
$SCS Steelcase 15% potential upside Alert set for break above Moving average and Fibonacci resistance. Potential target $17.50. All indicators bullish, as is volume. by RedHotStocks12
Growth channelEntry price – 11.61 $. TP1 – 11.84(+1,98%), TP2 – 12.07(+3,91%), TP3 – 12.39(+6,69%). SL – 11.26(-3,04%). Longby SerSega7
$SCS Steelcase upgraded to buy 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, and tables, as well as complementary products, including worktools and screens. Its seating products comprise ergonomic task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The firms interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, Designtex, and PolyVision brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI. Longby Bullishcharts1154
$SCS To Keep Rallying After Q3 Beat$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%, with gross margin up 220bps to 33.1% driven by pricing benefits, lower commodity costs, and higher absorption of fixed costs, partially offset by unfavorable business mix. Steelcase expects FY2020 diluted EPS between $1.41 to $1.45, including Q4 estimate of $0.30 to $0.34. Forecasts FY2020 revenue to be ~$3.7B and Q4 sales in the range of $905M to $930M. 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 company's furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools. Its seating products comprise ergonomic task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company's interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Turnstone, Smith System, AMQ, Orangebox, Designtex, and PolyVision brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan. As always, use protective stops and trade with caution. Good luck to all!Longby InsiderFinancial19
$SCS Steelcase major breakout on earnings beat.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 the United States (U.S.), Canada, the Caribbean Islands, and Latin America. The EMEA segment serves customers in Europe, the Middle East and Africa primarily under the Steelcase and Coalesse brands. The Other segment includes Asia Pacific, Designtex, and PolyVision. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI. Longby RedHotStocks16
SCS Earnings Thursday AMCI 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: Stock isn't quite overbought yet, but it's close.Shortby hungry_hippoUpdated 114
Sep 19 Earnings: Product Revamps Will Boost Steelcase RevenuesAfter 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 and projecting FY 2018 sales to rise 1.67% to $3,083B. The company expects FY 2019 sales to increase 4.58% further, on behalf of its efforts. A lackluster EPS has put pressure on the stock price, which I believe is overdone. Price target around $19 throughout the upcoming 12 months. Longby TraderDanERUpdated 2
SCS - LOOKING FOR MORE DOWNSIDESCS is in uptrend, but i'm expecting one more wave down. Only looking for shorting opportunities in this one.Shortby cantestogo2
Hitting its Measured Move into earnings tomorrow nightout of BB's but peeps tossing coin at the Apr 20 Callsby gregharmon0