Jump Report
| Avg Daily Volume: 2,147,126 Market Cap: 35.72B Sector: Services Short Interest: 1.63 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.12 REV: 3,790/M
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LAST QTR: EPS: 1.13/share ACTUAL: 1.20/share (BEAT)
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NEXT QTR: EPS: 1.14/share REV: 3,970/M
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FY19: EPS: 4.52/share REV: 15,900/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 67% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 2.47, -10.03, -3.9
POTENTIAL JUMP MOVE: 8-10%
Links To Latest News and Headlines
Ross Stores (ROST) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Petco’s (WOOF) fiscal Q3 results came in soft, leading to strategic changes focused on cost efficiency, service expansion, and product enhancements to address challenges and promote long-term growth.
Apparel stocks and purse-tightening consumers don’t make for a good mix, especially with the word “recession” being thrown around in recent quarters. As investors look for smoother sailing in the new year, recovering apparel stocks — like LULU, SKX, and ROST — may be worth betting on as the coasts clear and consumer sentiment shifts in a way to justify those nice-to-have purchases. The Wall Street community remains quite upbeat on the following apparel plays going into 2024. Could new highs be a
Belying more optimistic surveys, retailers in recent weeks have expressed modest holiday sales expectations amid a slowing U.S. economy.
Shares of Burlington Stores surged after posting stronger-than-expected earnings and comparable store sales, joining rival “off-price” retailers reporting inflation-weary shoppers are boosting business.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
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ANALYSIS:
StockJumpers trajectory analysis reveals a positive market reaction to the earnings release. We think they will beat, and show a favorable guidance for next quarter. The options have this priced in at an 8% move
We are LONG for the event.
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TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: 5%
TAKE PROFIT: 8%
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UPDATE: (3:03PM) We remain biased long on the event.
POST RELEASE ACTION: we are setting a close at break-even
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.