BEYOND MEAT (BYND)
EARNINGS RELEASE - AUGUST 4 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.02/share REV: 99.8/M
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LAST QTR: EPS: -.07/share ACTUAL: .03/share (BEAT)
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NEXT QTR: EPS: .07/share REV: 129.3/M
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FULL YR: EPS: .84/share REV: 463.9/M
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BEAT/MISS RECORD: 40% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 26.29, -19.91, -24.01
EXPECTED JUMP MOVE THIS QUARTER: 15-20%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
Both of these companies are reporting earnings within the next month, and there could be a dip in price that follows.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
Beyond Meat traded higher Thursday after fast-food giant McDonald’s said it would be testing the McPlant sandwich in eight U.S. locations for a limited time. McDonald’s first tested a plant burger in its stores in 2019 and launched its own plant-based burger in partnership with Beyond Meat a year later. Beyond Meat is the preferred supplier of patties to McDonald’s under a three-year partnership agreement.
Walmart, and Beyond Meat highlighted as Zacks Bull and Bear of the Day
Beyond Meat Inc. stock rose 3.4% in early Thursday trading after McDonald’s Corp. announced it would test the McPlant sandwich in eight U.S. restaurants for a limited time. The McPlant, which was announced late 2020, is the plant-based burger McDonald’s created in partnership with Beyond Meat. The two companies announced an exclusive three-year agreement in February. Details on the test are scarce, but McDonald’s said in a post on its site that “this particular test will help us understand how o
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ANALYSIS: .
StockJumpers trajectory analysis has a beat on EPS, but the trajectory shows a down move the next day. We are biased short on this event, and will update latest modeling data before close.
We remain biased short on this event.
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OUR TRADE PLAN:
ENTRY: SELL
STOP LOSS: N/A
INITIAL PROFIT TARGET: 10%
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TRADE ASSIST: N/A
POST RELEASE ACTION:
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is stripped down to only what is needed to make the best possible decision(s) on trading the trajectory.
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Avg Daily Volume: 8,453,869 Market Cap: 7.95B
Sector: Consumer Non-Durables Short Interest: 10.79
Ticker delayed 20 minutes
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by Team Stockjumpers