JUMP REPORT
HR BLOCK (HRB)
EARNINGS RELEASE - JUNE 16 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 2.61/share REV: 1,740/M
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LAST QTR: EPS: -.55/share ACTUAL: -.59/share (MISS)
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NEXT QTR: EPS: .92/share REV: 644.46/M
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FULL YR: EPS: .38/Share REV: 2,560/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: XX% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -15.49, -2.56, -11.19
EXPECTED JUMP MOVE: 10-12%
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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
The GARP strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount. H&R Block (HRB), W.W. Grainger, Ulta Beauty and Broadcom are some GARP stocks that hold promise.
New benefits include surgery support and LGBTQ+-specific provider search assistanceKANSAS CITY, Mo., June 17, 2022 (GLOBE NEWSWIRE) — In an effort to more fully support LGBTQ+ associates, H&R Block (NYSE: HRB), has added to and enhanced its robust associate health and wellbeing offerings. These benefits offer support for associates searching for culturally competent providers, and covers transition procedures for transgender associates through the medical plan. The goal is to make sure associat
Here is how H&R Block (HRB) and Swedish Match AB Unsponsored ADR (SWMAY) have performed compared to their sector so far this year.
Former Revlon leader joins Block’s Marketing and Experience team KANSAS CITY, Mo., June 16, 2022 (GLOBE NEWSWIRE) — As H&R Block (NYSE: HRB) pursues its long-term growth and transformation strategy, Block Horizons 2025, it continues to drive business growth through marketing excellence under the leadership of its new Chief Marketing and Experience Officer Jill Cress who joined the company in May 2022. Cress has added to her leadership team with the addition of Amy Labroo, who will be joining th
Co-founder and CEO Kirk Simpson to step down at the end of June;former Mastercard and Afterpay executive Zahir Khoja joining as CEO on July 1 TORONTO and KANSAS CITY, Mo., June 15, 2022 (GLOBE NEWSWIRE) — After 12 years of leading Wave Financial Inc., the company’s CEO Kirk Simpson is stepping down at the end of June. Simpson co-founded the company in 2009 with James Lochrie and has been serving as CEO since that time. The Toronto-based fintech provides all-in-one financial management solutions
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Trading an earnings catalyst events can be very rewarding (5-20% returns in a matter of minutes or hours) but it is also very risky. Timing plays a key role in whether a trade is profitable or not. Here is our general guideline for how we trade these events in-house.
ENTRY: The system we use to trade these volatile events is to enter at or near market close based on the Trajectory Analysis. For equities trades it’s a simple BUY or SELL order based on a pre-set trade allocation amount about 5 minutes before market close.
Then after the earnings release occurs we review the data carefully. Was it a beat or a miss on expectations? What does the forward guidance look like? Are there other important metrics being reported? (such as subscribers, or same-store sales etc). Often the stock price can swing wildly if the release metrics are mixed or there is no clear cut bull or bear bias.
EXIT: In the majority of cases where the direction call was correct (short or long) the best time to take profit is the following day about an hour after market open. If the direction call was wrong, or the release data is mixed, we find it best to get out of the trade quickly in the aftermarket, at a profit if possible. Exiting a trade becomes more art than science, based on experience trading that stock, general market conditions and the momentum of the market’s reaction to the release news.
Avg Daily Volume: 3,191,919 Market Cap: 2.3B
Sector: Services Short Interest: 20.57
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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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by Team Stockjumpers