JUMP REPORT
| Avg Daily Volume: 520,951 Market Cap: 1.35B Sector: None Short Interest: 32.23 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .79/share REV: 462.0/M
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LAST QTR: EPS: .03/share ACTUAL: .14/share (BEAT)
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NEXT QTR: EPS: .85/share REV: 423.0/M
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FULL YR: EPS: 2.59/share REV: 1,670/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 65% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 19.43, -19.84, 19.63
POTENTIAL JUMP MOVE: 15-20%
Links To Latest News and Headlines
Record profits and raised guidance weren’t enough to help the market overlook supply chain issues.
Image source: The Motley Fool. Sleep Number Corp (NASDAQ: SNBR)Q1 2021 Earnings CallApr 21, 2021, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to Sleep Number’s Q1 2021 earnings conference call.
Sleep Number (SNBR) delivered earnings and revenue surprises of 40.22% and -1.07%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Shares of Sleep Number Corp. fell in the extended session Wednesday after the retailer reported first-quarter earnings above Wall Street expectation and raised its guidance, but mentioned a supply snag that hit its sales in the quarter. Sleep Number said it earned $66.6 million, or $2.51 a share, in the quarter, compared with $39.1 million, or $1.36 a share, in the year-ago quarter. Sales rose 20% to $568 million, and same-store sales rose 20%, Sleep Number said. More than $50 million worth of deliveries, or about two weeks, shifted out of the quarter due to “temporary” foam supply constraints, the company said. Analysts polled by FactSet expected EPS of $1.83 on sales of $580 million. Sleep Number raised its full-year 2021 EPS outlook to at least $6.50, compared with a prior outlook of at least $6. The stock ended the regular trading session up 4.2%.
Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended April 3, 2021.
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ANALYSIS:
StockJumpers preliminary trajectory analysis has this a potential miss on some of the metrics and the market reaction is negative. We will be working the studies until end of day.
We are biased short at this time.
UPDATE: we remain biased short going into the release.
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OUR TRADE PLAN:
ENTRY: SELL – end of day
STOP LOSS: NA
INITIAL PROFIT TARGET: 15%
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TRADE ASSIST: YES
POST RELEASE ACTION:
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
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by Team Stockjumpers