JUMP REPORT
EARNINGS REPORTING TARGET / Trajectory Analysis Study
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.
UPDATED: MARCH 27, 2018
SONC
Target: Sonic Corp. (SONC)
Earnings Release Date: 3/27/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Sonic Corp. (SONC) will be posting its FQ2-18 quarterly earnings results today at close. [SONC] is expected to post earnings of $.15 per share on revenue of $93 Million. In the last quarter, the company reported $.30 earnings per share BEATING the analysts’ consensus estimate of $.25 The stock is currently trading at $24.79 per share.
Last 3 Quarters – “Jump Zone” Move: 7.43%, 8.87%, 4.72%
Consensus Estimates: ($.18 whisper) ($.17 estimize) ($.15 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates)
1 YEAR CHART (For latest news and analysis visit The Insider Mole research tool)
OUR TRADE PLAN: SHORT
ANALYSIS: StockJumpers trajectory analysis reveals a drop in price post release. It may be about same-store sales metrics as we see a beat on the EPS. Also expectations are lowered this quarter so a beat on earnings is not so far-fetched, but our analysis suggests that’s not enough to push the stock up. Our bias going into this was long, but we reversed it after running the study.
We are SHORT for the event but think it be mixed on the sentiment and may snap back after an initial drop on the release.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 6%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
Click here to go to the research page to review the current financials and analysis of this stock before you place any positions. Just enter the ticker symbol.
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