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.
THIS EVENT HAS BEEN MOVED TO MAY 30TH AMC – WE WILL BE TRADING IT AND UPDATING THE LATEST INTELLIGENCE AND DIRECTIONAL GUIDANCE
Target: GUESS?, INC (GES)
Earnings Release: 5/30/18 (AMC-Today)
Position Entry: (at or near EOD-end of day)
GUESS?, INC (GES) will be posting its FQ1-19 quarterly earnings results today at close. [GES] is expected to post earnings of $-.23 per share on revenue of 510 Million. In the last quarter, the company reported $.63 earnings per share BEATING the analysts’ consensus estimate of $.52
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
ANALYSIS: StockJumpers trajectory analysis reveals a positive market reaction to the release. Last quarter the stock popped 30% on an earnings surprise and though we were VERY reluctant to see a repeat of that this quarter with the stock trading still near its 26/share annual high. Clearly retail is doing better and this company is benefiting from its re-organization but even with lowered expectations today will it be enough of a beat to warrant more price movement upwards. We think so though it will certainly not move up like last quarter.
We are LONG for the event.
(Note: This is an After Market Close (AMC) release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 10-12%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
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