JUMP REPORT
| Avg Daily Volume: 156,918 Market Cap: 6.68B Sector: None Short Interest: 2.61 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .50/share REV: 723.9/M
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LAST QTR: EPS: .35/share ACTUAL: .39/share (BEAT)
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NEXT QTR: EPS: .85/share REV: 915.19/M
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FULL YR: EPS: 2.09/share REV: 2,960/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: 73% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 4.89, -8.65, 1.97
EXPECTED JUMP MOVE: 8-10%
Links To Latest News and Headlines
Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that on January 21, 2021, it filed with the U.S. Securities and Exchange Commission (SEC) its Quarterly Report on Form 10-Q for the third quarter of Fiscal Year 2021. The filing will be available on the SEC’s website and Logitech’s website at http://ir.logitech.com.
Bracken Darrell, Logitech CEO, joined Yahoo Finance Live to discuss the company’s latest earnings report.
The Dow Jones Industrial Average advanced modestly in today’s stock market, while the S&P 500 and Nasdaq once again continued to hit new highs.
In his first “Executive Decision” segment of Mad Money Tuesday night, host Jim Cramer spoke with Bracken Darrell, president and CEO of Logitech International , the computer peripherals maker. The company just posted sales up a staggering 85%, but the shares responded by falling 3.1% as investors assumed that Logitech’s sales will begin to cool as the world returns to normal. Darrell said as the world returns to work, many employees will return to a hybrid model where they spend some days at the office and other days at home.
The computer-accessories and media-peripherals company posted 85% sales growth for the December quarter, crushing Wall Street estimates.
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ANALYSIS:
StockJumpers trajectory analysis reveals a positive market reaction to the release news. We are expecting a beat on both the top and bottom and positive guidance.
We are biased LONG on this event.
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OUR TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: NA
INITIAL PROFIT TARGET: 6%
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TRADE ASSIST: YES
POST RELEASE ACTION:
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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 striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
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