Avg Daily Volume: 298,495 Market Cap: 408.91M Sector: Services Short Interest: 14.34 |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: .30/share REV: 244.4/M
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LAST QTR: EPS: .07/share ESTIMATED: .12/share (MISS)
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NEXT QTR: EPS: -.05/share REV: 200.8/M
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FY19: EPS: .39/share REV: 886.1/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 33% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) : -26.73, -43.08, 47.81
POTENTIAL JUMP MOVE: 20-25%
Links To Latest News and Headlines
DALLAS, July 23, 2024–The Container Store Group, Inc. (NYSE: TCS) today announced that its first quarter fiscal 2024 financial results will be released after market close on Tuesday, August 6, 2024. The Company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results. This call will include both live, prepared remarks as well as a Q&A session.
Insiders who bought US$255.6k worth of The Container Store Group, Inc.’s ( NYSE:TCS ) stock at an average buy price of…
The small-format locations both feature design centers and Custom Spaces Studios as the company doubles down on its custom design business.
SPRINGFIELD, Va. & ASHBURN, Va., June 11, 2024–The Container Store, the nation’s leading retailer of organizing solutions, custom spaces, and in-home services, will open on June 15th, 2024, at the Springfield Plaza at 6412 Springfield Plaza, Springfield, VA 22150 as well as on July 27th, 2024, at One Loudoun at 20420 Exchange St, Ashburn, VA. This will bring The Container Store’s retail presence to six storefronts within Virginia state and 104 nationwide.
The retailer seeks to grow its Custom Spaces business amid declining sales.
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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Stockjumpers trajectory analysis reveals a negative market reaction to the release news. They may post a miss on some of the metrics and the stock drops post release. The current price is off 8% from yesterday’s high – so this move may be anticipated as investors go into today’s event. We would be more comfortable having shorted this yesterday as the stock price continues to fall this morning
We are SHORT on the event.
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TRADE PLAN:
ENTRY: SELL
STOP LOSS: 5%
TAKE PROFIT: 12%
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UPDATE: (2:43PM) We remain biased short.
POST RELEASE ACTION: They beat, but there is weakness in the forward, we remain short.
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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.