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 FQ4-17 quarterly earnings results today at close. [txrh] is expected to post earnings of $.07 per share on revenue of $601.63 Million. In the last quarter, the company reported $.07 earnings per share BEATING the analysts’ consensus estimate of $.06 The stock is currently trading at $46.84 per share.
Last 3 Quarters – “Jump Zone” Move: -5.12%, -6.65%, 11.7%
Consensus Estimates: ($.09 whisper) ($.08 estimize) ($ ($.07 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
OUR TRADE PLAN: SELL
ANALYSIS: 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.have an overall negative
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
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