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. For details on how we trade these events and to get trained as a StockJumpers pro trader – watch the video below.
TARGET: Pier 1 Imports
Earnings Release Date: 09/27/17 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Pier 1 Imports will be posting its Q218 quarterly earnings results. [PIR] is expected to post earnings of $-0.06 per share and revenue of $407 million for the quarter. In the last quarter, the company reported $-0.04 earnings per share beating the analysts’ consensus estimate of $-0.05. [PIR] is up 1.0% over the last month and down 19.3% over the last 3 months. The stock price is down 2.6% over the last year.
Last 3 Quarters – “Jump Zone” Move: 41.04%, -14.06%, -14.31%
Consensus Estimates: ($-0.06 whisper) ($-0.05 estimize) ($-0.06 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates)
Click here to go to the research page to review the current financials and analysis of this stock before you place any positions. Just enter the ticker symbol.
OUR TRADE PLAN: BUY
ANALYSIS: StockJumpers trajectory reveals an initial POSITIVE market reaction to the release news based on an EPS beat, but the forward is still weak and this may not be sustaining. This is a very volatile stock with a dim forward outlook – however it may be primed for a revival today, before it tumbles further. We are long-term short – but will be looking for an initial pop on the release news which could be huge. We will be cautious on the trade allocation as this one could be a scary ride. A 5% stop may not be enough room with the volatility so we moved it to 7-8%. (Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 20% +
CONFIDENCE RANKING: 7
POTENTIAL OPTIONS CONTRACT: PIR171020C5 .17