JUMP REPORT
GAMESTOP (GME)
EARNINGS RELEASE - JUNE 9 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -1.27/share REV: 1,070/M
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LAST QTR: EPS: .79/share ACTUAL: 1.27/share (BEAT)
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NEXT QTR: EPS: -1.11/share REV: 931.3/M
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FULL YR: EPS: -.97/Share REV: 5,730/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 64% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 15.41, -20.43, -22.0
EXPECTED JUMP MOVE: 15%
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*** With market volatility at extremes during the coronavirus pandemic 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
Wall Street closed sharply higher on Wednesday terminating a three-day losing streak.
Its stock price is soaring–but a Wedbush analyst warns the platform doesn’t have the profitability to back up the hype.
» Trump Media, Reddit surge despite questionable profit prospects, taking on the ‘meme stock’ mantle
Reddit and Trump Media are the first notable social media companies to begin trading publicly in the last five years. Meme stocks are typically shares in companies whose underlying business fails to justify a surge in their price. The action is often driven by small investors who for some reason pile into a stock, be it belief that a struggling company can turn itself around, a disdain for so-called short sellers — or fidelity to a former president.
GameStop (GME) shares fell Wednesday, after the videogame retailer reported a sharp drop in quarterly sales. The stock closed down 15% at $13.17. + Late Tuesday, the Texas-based company posted a profit of $63.
Shares of Trump Media surge for a second day, GameStop’s fiscal fourth-quarter revenue misses analysts’ estimates, Merck’s treatment for pulmonary arterial hypertension receives FDA approval, and Cintas raises fiscal 2024 guidance.
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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.
Avg Daily Volume: 4,041,515 Market Cap: 180.48M
Sector: Services Short Interest: 105.46
Ticker delayed 20 minutes
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