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
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In recent weeks, rising interest rates have made bond yields more attractive, sparking a sell-off that hit the tech sector especially hard. While the tech-heavy Nasdaq Composite Index is down just 6% from its all-time high, many individual tech stocks have fallen much more. With that in mind, we asked three Motley Fool contributors to pick tech stocks that should generate solid returns in both high and low-interest-rate environments.
Take-Two (TTWO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Following strong operating results during the height of the pandemic in calendar 2020, top video game stocks have cooled off this year. While the Dow Jones Industrial Average has returned 11.1% year to date, the stock prices of Activision Blizzard (NASDAQ: ATVI) and Take-Two Interactive (NASDAQ: TTWO) have dropped 16.9% and 24.4%, respectively. Electronic Arts (NASDAQ: EA), however, has been a standout among its video game peers.
NEW YORK,, October 06, 2021–Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced that it plans to report financial results for the second quarter of its fiscal year 2022, ended September 30, 2021, after the market close on Wednesday, November 3, 2021. The Company plans to hold a conference call to discuss its results at 4:30 p.m. Eastern Time, which can be accessed by dialing (877) 407-0984 or (201) 689-8577. A live, listen-only webcast and a replay of the call will be available a
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.