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. For details on how we trade these events and to get trained as a StockJumpers pro trader – watch the video below.
Target: Skyworks Solutions, Inc. (SWKS)
Earnings Release Date: 2/5/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Skyworks Solutions, Inc. (SWKS) will be posting its FQ1-18 quarterly earnings results today at close. [SWKS] is expected to post earnings of $1.91 per share on revenue of 1.051 Billion. In the last quarter, the company reported $1.82 earnings per share BEATING the analysts’ consensus estimate of $1.75
Last 3 Quarters – “Jump Zone” Move: -7.37%, -2.23%, -4.44%
Consensus Estimates: ($1.94 whisper) ($1.94 estimize) ($ ($1.91 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
OUR TRADE PLAN: BUY
ANALYSIS: market reaction to today’s release. We see a beat and a positive forward guidance. Expectations are quite high this quarter but we think they will surprise regardless and the stock will pop – though the jump may not be above 10%positive
We are LONG for today’s event. 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