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. This report is based on our analysis and opinions and the trade plan is how we intend to trade this event. As a self-directed trader you may decide to take a different approach to this event. For details on how we trade these events watch the video below.
Target: Red Hat, Inc. (RHT)
Earnings Release Date: 3/26/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Red Hat, Inc. (RHT) will be posting its FQ4-18 quarterly earnings results today at close. [RHT] is expected to post earnings of $.80 per share on revenue of $761 Million. In the last quarter, the company reported $.73 earnings per share BEATING the analysts’ consensus estimate of $.70 The stock is currently trading at $147.90 per share.
Last 3 Quarters – “Jump Zone” Move: -6.79%, 7.53%, 10.88%
Consensus Estimates: ($.84 whisper) ($.80 estimize) ($ ($.80 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates)
ANALYSIS: StockJumpers trajectory analysis reveals a slight beat on the EPS numbers and revenue will be in line – but we think expectations are just too high and the stock will drop. This may not be a huge move but like last quarter which was a beat and drop, we see a similar pattern this quarter. The company is doing very well and we expect a glowing press release but any uncertainly in the markets and investors will sell unless the release is a spectacular beat.
We are overall SHORT for the eventr. The Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 6%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
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