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: GOPRO, Inc. (GPRO)
Earnings Release Date: 5/03/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Last 3 Quarters: “Jump Zone” Move: -6.72%, -15.65%, 25.60%
Consensus Estimates: ($NA whisper) ($-.39 estimize) ($-.40 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
ANALYSIS: StockJumpers trajectory analysis reveals a beat on the main metrics and the stock pops post release. It may drop prior so we will look to time our entry. The stock has been battered recently and this quarter the threshold for beating expectations is much lower. We think even with a serious red ink print, that market reaction will be overall favorable and the stock will pop.
We are LONG for the event.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 15%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
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