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 research tool. For details on how we trade these events and to get trained as a StockJumpers pro trader – watch the video below.
Target: Pandora Media, Inc. (P)
Earnings Release Date: 2/21/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Pandora Media, Inc. (P) will be posting its FQ4-17 quarterly earnings results today at close. [P] is expected to post earnings of $-.07 per share on revenue of $374.85 Million. In the last quarter, the company reported $-.06 earnings per share BEATING the analysts’ consensus estimate of $-07. The stock is currently trading at $5.33/share.
Last 3 Quarters – “Jump Zone” Move: -27.8%, -13.93%, -3.11%
Consensus Estimates: ($-.05 whisper) ($-.05 estimize) ($ ($-.07 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
OUR TRADE PLAN: BUY (watch for initial drop)
ANALYSIS: to today’s news. We see them beating on EPS but revenue may be weak. The initial reaction at close may be a down move which would likely exceed our 5% stop and then it bounces up. The up move could be significant with strong demand into the next session. This could be a difficult trade, and though our bias is long, we may wait until the anticipated drop before entering or keeping a low trade allocation until our forecast is confirmed. We think the follow day the move up may have more conviction.drop and a pop as the market reaction
We are very cautiously LONG for today’s event. Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 15%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE