This stock has been chosen as a JUMP candidate for its upcoming earnings catalyst that is likely to move the stock between 5-20% post release. To conduct further research on the financials, analyst views and pivot points visit the Inside Mole research tool. This report is based on our analysis and opinions and the trade plan is how we intend to trade this event. As a self-directed trader you may decide to take a different approach to this event. For details on how we trade these events watch the video below.
Target: Switch, Inc. (SWCH)
Earnings Release Date: 4/02/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Switch, Inc. (SWCH) will be posting its FQ4-17 quarterly earnings results today at close. [SWCH] is expected to post earnings of $.21 per share on revenue of $98.8 Million. In the last quarter, the company reported $.08 earnings per share BEATING the analysts’ consensus estimate of $.07 The stock is currently trading at $15.9 per share.
Last 3 Quarters – “Jump Zone” Move: -9.7%, N/A, N/A
Consensus Estimates: ($-.20 whisper) ($ N/A estimize) ($-.21 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates)
1 YEAR CHART (For latest news and analysis visit The Insider Mole research tool)
ANALYSIS: StockJumpers trajectory analysis reveals what may be a miss on the release numbers, even with positive guidance. This is a new public company with big plans and lots of potential and the hype sounds promising, but investor sentiment is going to trade on the numbers unlike they do with a Tesla. We will want to revisit this company in future quarters because we see them as a player but for now, we think they are creating too big of expectations
We are SHORT for the event. The Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 9%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
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