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: Western Digital Corporation (WDC)
Earnings Release Date: 1/25/18 (AFTER MARKET CLOSE)
Position Entry Time: (at or near EOD today)
Western Digital Corporation (WDC) will be posting its FQ-2-18 quarterly earnings results. [WDC] is expected to post earnings of $ 3.77 per share with revenue of $5,286 BILLION for the quarter. In the last quarter, the company reported $3.56 . earnings per share BEATING the analysts’ consensus estimate of $ 3.30
Last 3 Quarters – “Jump Zone” Move: -5.66%, -8.48%, 6.17%
Consensus Estimates: ($3.91 whisper) ($3.87 estimize) ($3.77 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 a BEAT on the EPS and revenue and a pop post release. We were a little surprised but seems this is better than expectations even though there may be headwinds going forward. The tech sector is on fire with demand increasing. We are LONG for the event.
Note: There is room for a pop, but the data suggest an initial drop initially. This event is priced for a small move of only 4.8% – so we are hopeful we can get our nickel.
(Note: This is an AFTER-MARKET-CLOSE release)
TARGET ‘JUMP ZONE’ POTENTIAL: 5%
CONFIDENCE RANKING: 7
POTENTIAL OPTIONS CONTRACT: none