Jump Report
| Avg Daily Volume: 2,867,524 Market Cap: 10.18B Sector: Technology Short Interest: 4.02 |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: .76/share REV: 506.46/M
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LAST QTR: EPS: 2.90/share ESTIMATED: 2.80/share (BEAT)
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NEXT QTR: EPS: .42/share REV: 418.3/M
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FY19: EPS: 4.78/share REV: 2,950/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 88% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) : -14.72, -6.96, 15.16
POTENTIAL JUMP MOVE: 12-15%
Links To Latest News and Headlines
NEW YORK, June 23, 2022–Take-Two Interactive Software, Inc. (NASDAQ: TTWO) (“Take-Two”) today announced the expiration and final results of Zynga Inc.’s (f/k/a Zebra MS II, Inc.) (“Zynga”), its wholly owned subsidiary, previously announced cash tender offers (each, an “Offer”) to repurchase any and all of Zynga’s outstanding 0.25% Convertible Senior Notes due 2024 (the “2024 Notes”) and 0% Convertible Senior Notes due 2026 (the “2026 Notes” and, together with the 2024 Notes, the “Notes”). The O
NEW YORK, June 21, 2022–Today, 2K and Gearbox Software announced that Tiny Tina’s Wonderlands® is releasing at 10:00 a.m. PDT on June 23, 2022, on Steam, where it has consistently been one of the most wishlisted titles. Since launching on other platforms earlier this year, critics and fans around the world have been enamored with the delightful chaos from Tiny Tina’s unpredictable mind. With crossplay between PlayStation®5 (PS5™), PlayStation®4 (PS4™), Xbox One, Xbox Series X|S, the Epic Games
Take-Two Interactive (TTWO) launches OlliOlli World Expansion, OlliOlli World: VOID Riders, which contributes to its portfolio strength.
NEW YORK, June 15, 2022–Today, Private Division and Roll7 announced OlliOlli World: VOID Riders, the first of two expansions to the critically acclaimed skateboarding action-platformer OlliOlli World, is now available digitally for the PlayStation®5, PlayStation®4, PlayStation®4 Pro, Xbox Series XIS, Xbox One consoles, Nintendo Switch and Windows PC*. OlliOlli World: VOID Riders is available individually or as part of the OlliOlli World Rad Edition and the Expansion Pass. The Rad Edition includ
Take-Two (TTWO) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.
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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ANALYSIS:
StockJumpers trajectory analysis reveals a drop in price post release on soft investor sentiment. Consensus has earnings at .76/share on bookings of 512 million. They may not meet that or if they do, we don’t see them beating by much. Though competitor EA which just reported a beat and the stock went up post release we are not seeing that here.
We are overall SHORT on the event.
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TRADE PLAN:
ENTRY: SELL
STOP LOSS: 5%
TAKE PROFIT: 9%
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UPDATE: We remain biased short on this trade. The stock is down almost 4% from open so the concern is the move may be priced in. Factor that in your decision to trade it.
POST RELEASE ACTION: Trading was halted prior to the release as they printed much lower expectations. The stock dropped 7% – and then back up to near close level. We grabbed a quick profit and are short again with a belief it will resume dropping in the am.
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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.