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: Bed Bath & Beyond Inc. (BBBY)
Earnings Release Date: 4/11/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Bed Bath & Beyond Inc. (BBBY) will be posting its FQ4-17 quarterly earnings results today at close. [BBBY] is expected to post earnings of $1.41 per share on revenue of $3675 Million. In the last quarter, the company reported $.44 earnings per share ABOVE the analysts’ consensus estimate of $.36 The stock is currently trading at $21.06 per share.
Last 3 Quarters – “Jump Zone” Move: -14.0%, -17.09%, -12.83%
Consensus Estimates: ($1.37 whisper) ($1.43 estimize) ($1.41 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates)
ANALYSIS: StockJumpers trajectory analysis reveals a positive reaction to the release today. This a cautionary long, as the trajectory study reveals an intial down move wich may occur before market close…. or immediately following. We will think about our entry timing here, though we expect a solid beat on the main metrics and the a favorable investor sentiment the following day which could be significant. They have the potential to climb into the high 20’s if the numbers are good and the guidance shows resilience.
We are LONG for the event. The Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 12-15%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE