Shoe Carnival Story

SCVL -- USA Stock

USD 61.10 1.39 2.22%

Macroaxis Story

Shoe Carnival is scheduled to announce its earnings today. The next earnings report is expected on the 19th of May 2021. As some millenniums are still trying to avoid consumer cyclical space, I will try to summarize Shoe Carnival a little further in order to understand its potential as a viable investment. I will address why stakeholders ignored this entity since the beginning of the new economic outlook.

Published over three weeks ago

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What is April outlook for Shoe Carnival (NASDAQ:SCVL)?

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Shoe Carnival has an asset utilization ratio of 200.12 percent. This denotes that the company is making $2.0 for each dollar of assets. An increasing asset utilization means that Shoe Carnival is more efficient with each dollar of assets it utilizes for everyday operations.

What is the right price you would pay to acquire a share of Shoe Carnival? For most investors, it would be the price that gives them a wide margin of safety to have minimal downside risk. In other words, most investors are always looking for undervalued stocks. Even if the future performance is not entirely as expected, the loss of holding it is minimized, and the downside risk is negated.

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What is happening with Shoe Carnival this year

Annual and quarterly reports issued by Shoe Carnival are formal financial statements that are published yearly and quarterly and sent to Shoe Carnival stockholders. The reports show and break down the current year's ongoing operations and discuss plans for the upcoming year. Annual reports have been a requirement from the Securities and Exchange Commission (SEC) for businesses owned by the public since 1934.

Companies such as Shoe Carnival often view their annual report as an effective marketing tool to disseminate their perspective on company future earnings or innovations. With this in mind, many companies devote large sums of money to making their reports attractive and informative. In such instances, the annual report becomes a forum through which a company can communicate to the general public any number of topics that may or may not be directly related to the actual data published in the reports.

How Shoe Carnival utilizes its cash?

To perform a cash flow analysis of Shoe Carnival, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Shoe Carnival is receiving and how much cash it distributes out in a given period. The Shoe Carnival cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Shoe Carnival Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 63.71 Million

Is Shoe Carnival a risky opportunity?

Let's check the volatility. Shoe Carnival is looking slightly risky at this time. Whether you invest your money or manage your clients' funds, remember that it is easy to forget that behind Shoe Carnival (NASDAQ:SCVL) stock is an actual business venture. So, do not let stock picking become an abstract concept by ignoring the elementary risk calculations. acquiring a share of a Shoe Carnival stock makes you a part-owner of that company.

Shoe Carnival Current Consensus

Here is the new trade recommendation based on an ongoing consensus estimate among financial analysis covering Shoe Carnival. The Shoe Carnival consensus assessment is calculated by taking the average estimates from all of the analysts covering Shoe Carnival

Strong Buy

Hold

Strong Buy	1	50.0
Buy	0	0.0
Hold	1	50.0
Sell	0	0.0
Strong Sell	0	0.0

Shoe Carnival has 82 percent chance to finish below $53 next week

The treynor ratio is down to -5.85 as of today.

As of the 24th of March, Shoe Carnival has the Coefficient Of Variation of 453.92, semi deviation of 1.9, and Risk Adjusted Performance of 0.1945. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Shoe Carnival, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Shoe Carnival, which can be compared to its competition. Please validate Shoe Carnival variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Shoe Carnival is priced more or less accurately, providing market reflects its prevalent price of 53.97 per share. Given that Shoe Carnival has jensen alpha of 0.6436, we advise you to double-check Shoe Carnival's current market performance to make sure the company can sustain itself at a future point.

Our Final Perspective on Shoe Carnival

While other entities under the apparel retail industry are still a bit expensive, Shoe Carnival may offer a potential longer-term growth to stakeholders. To conclude, as of the 24th of March 2021, we believe that at this point, Shoe Carnival is very steady with low probability of distress within the next 2 years. From a slightly different point of view, the entity appears to be overvalued. Our primary 30 days buy-hold-sell advice on the company is Cautious Hold.

About Contributor

Ellen Johnson is a Member of Macroaxs Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management. View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Shoe Carnival. Please refer to our Terms of Use for any information regarding our disclosure principles.

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