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
___________________________________________________________
LAST QTR: EPS: 1.13/share ACTUAL: 1.20/share (BEAT)
_____________________________________________________________
NEXT QTR: EPS: 1.14/share REV: 3,970/M
______________________________________________________
FY19: EPS: 4.52/share REV: 15,900/M
______________________________________________________
*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
In the latest trading session, Ross Stores (ROST) closed at $145.75, marking a -1.05% move from the previous day.
ROST’s strategic efforts, including store expansion plans and business model, appear encouraging.
SYY, CF, SNA, ROST and RF are some of the stocks with high ROE to profit from as markets face intense volatility.
Ross Stores, Inc. (Nasdaq: ROST) recently opened 43 Ross Dress for Less® (“Ross”) and four dd’s DISCOUNTS® stores across 22 different states in September and October. These new locations complete the Company’s store growth plans for fiscal 2024, with the addition of 89 new locations throughout the year.
Costco, TJX, Ross Stores and Burlington are part of the Zacks top Analyst Blog.
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.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
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.
___________________
TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: 5%
TAKE PROFIT: 8%
___________________
UPDATE: (3:03PM) We remain biased long on the event.
POST RELEASE ACTION: we are setting a close at break-even
[/mepr-sh
This area reserved for subscribers to the Options Intelligence Strategy. If this is something you wish to participate in, just let us know below.
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.