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: Paychex Inc.
Earnings Release Date: 10/03/17 (Before Market Opens)
Position Entry Time: (at or near EoD-end of day 10/02/17)
PAYCHEX, INC will be posting its Q117 quarterly earnings results. [PAYX] is expected to post earnings of $.60 per share and revenue of $815 million for the quarter. In the last quarter, the company reported $.54 earnings per share beating the analysts’ consensus estimate of $.53.
Last 3 Quarters – “Jump Zone” Move: -3.1%, -4.5%, -4.59%
Consensus Estimates: ($.61-whisper) ($.62-estimize) ($.60-wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates)
NO TRADE ROOM TODAY AS THIS IS PRE-MARKET TOMMORROW
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. The release is likely to reveal a small beat on EPS but it may not be enough to push the stock higher. We are expecting a positive quarter but a softer than expected forward which causes a drop in price post release. We are overall short. Some of the move may be priced in before end of market today. (Note: This is an PRE-market release – tomorrow AM)
TARGET ‘JUMP ZONE’ POTENTIAL: 5-7%
CONFIDENCE RANKING: 8
OPTIONS CONTRACT: NONE