JUMP REPORT
EARNINGS REPORTING TARGET / Trajectory Analysis Study
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.
UPDATED: MARCH 29, 2018
SNX
Target: Synnex Corporation (SNX)
Earnings Release Date: 3/29/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Synnex Corporation (SNX) will be posting its FQ1-18 quarterly earnings results today at close. [SNX] is expected to post earnings of $2.11 per share on revenue of $4503 Million. In the last quarter, the company reported $2.79 earnings per share BEATING the analysts’ consensus estimate of $2.69 The stock is currently trading at $116.80 per share.
Last 3 Quarters – “Jump Zone” Move: -7.0%, 10.62%, 6.07%
Consensus Estimates: ($2.18 whisper) ($2.10 estimize) ($2.11 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)
OUR TRADE PLAN: SHORT
ANALYSIS: StockJumpers trajectory analysis reveals mixed results on the metrics though they are likely to beat on EPS. Though we expected to see an intial pop on better than forecast news, we are overall short and believe it is more likely to drop on mixed results and a soft forward guide.
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: 7%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
How We Find and Trade These Events
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