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.
Target: Square, Inc. (SQ)
Earnings Release Date: 2/27/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Square, Inc. (SQ) will be posting its FQ1-18 quarterly earnings results today at close. [SQ] is expected to post earnings of $.08 per share on revenue of $600.68 Million. In the last quarter, the company reported $.08 earnings per share BEATING the analysts’ consensus estimate of $.07 The stock is currently trading at $45.91 per share.
Last 3 Quarters – “Jump Zone” Move: -5.12%, -6.65%, 11.7%
Consensus Estimates: ($ N/A whisper) ($.07 estimize) ($ ($.08 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
OUR TRADE PLAN: SELL
ANALYSIS: StockJumpers trajectory analysis reveals a beat on the base metrics, but we do not see the stock price rising due to other negative factors. Market sentiment seems soft this quarter even with all the positives… though most analysts are bullish. We are not. We have an overall negative market reaction to today’s news even with a beat. Expectations are higher this quarter and though they have met on the last 4 quarters the stock falls a bit and then rises later.
We are SHORT for today’s event but not confident it won’t rise later. Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 7%
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.