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: FINESAR CORPORTATION
Earnings Release Date: 12/07/17 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
FIRST SOLAR will be posting its Q218 quarterly earnings results. [FNSR] is expected to post earnings of $.33 per share and revenue of $331 million for the quarter. In the last quarter, the company reported $.40 earnings per share MEETING the analysts’ consensus estimate of $.40. The stock is trading at 17.5 a share currently.
Last 3 Quarters – “Jump Zone” Move: -8.32%, 13.06%, -23.29%
Consensus Estimates: ($.NA-whisper) ($.32-estimize) ($.33-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.
TRADE PLAN: SELL
ANALYSIS: StockJumpers trajectory reveals a negative market reaction to the release news. We were looking for a positive report to propel the stock price which may be oversold , and any good news would create a nice pop. We don’t think that will happen today and even on a meet of the base metrics unless the forward looks promising, the price has further to fall. We did get an initial positive bump up at close today – but we are overall short on the event. Exercise caution. (Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 8%
CONFIDENCE RANKING: 7
OPTIONS CONTRACT: none