ROSS STORES (ROST)

EARNINGS RELEASE THURSDAY - MAY 23 (AMC)

JUMP BACK

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

Retail stocks should see a 20% bounce-back in operating profits in 2021, following a 15% decline in 2020, according to analysts at Moody’s.

01 Jan, 2021 @ 16:40 by Yahoo! Finance

DG vs. ROST: Which Stock Is the Better Value Option?

Five Below is IBD Stock of the Day as the discount retailer of teen fashions and accessories cleared a buy point Tuesday.

28 Dec, 2020 @ 15:35 by Yahoo! Finance

Ross Stores jumped Monday, staying in a buy zone. Unlike many discounters, the off-price chains like Ross weren’t considered essential retailers and were shut down, still face a lot of restrictions. Big growth seen next year.

Ross Stores (ROST) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

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.