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: Ambarella, Inc. (AMBA)
Earnings Release Date: 3/01/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Ambarella, Inc will be posting its FQ4-18 quarterly earnings results today at close. [AMBA] is expected to post earnings of $.37 per share on revenue of $70.41 Million. In the last quarter, the company reported $.75 earnings per share BEATING the analysts’ consensus estimate of $.66 The stock is currently trading at $46.91 per share
Last 3 Quarters – “Jump Zone” Move: 19.93%, -22.77%, -11.33%
Consensus Estimates: ($.39 whisper) ($.42 estimize) ($ ($.37 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
OUR TRADE PLAN: BUY
ANALYSIS: StockJumpers trajectory analysis reveals a beat on the base metrics, (revenue and eps) and the stock pops post release. Market sentiment seems stronger this quarter and it may be because of lowered expectations and a brighter going forward report at the conference call. The huge drop in price in January has created a gap that has the potential to fill assuming the news is good today.
We are cautiously LONG for today’s event. Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 14%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
Click here to go to the research page to review the current financials and analysis of this stock before you place any positions. Just enter the ticker symbol.