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Earnings Predictions Results
For The Week Beginning June 01, 2020
So Far
DKS, CRWD, ZM, CLDR, WORK, DOCU
But What Now?
Find Out!
by Ian Harvey
June 04, 2020
These are the earnings predictions results for
DKS, CRWD, ZM, CLDR, WORK, DOCU
so
far this week.
Don’t miss out on these profits…..check the past results here.
EARNINGS PREDICTIONS RESULTS FOR WEEK BEGINNING JUNE 01, 2020 | |||||||
|---|---|---|---|---|---|---|---|
| DATE | TRADE | GAIN/LOSS AFTER EARNINGS | |||||
| June 02, 2020 | DKS JUN 19 2020 35.000 PUT | -26% | |||||
| June 02, 2020 | CRWD JUN 19 2020 100.000 CALL | 220% P.P. | |||||
| June 02, 2020 | ZM JUN 19 2020 200.000 CALL | 220% P.P. | |||||
| June 03, 2020 | CLDR JUL 17 2020 10.000 CALL | 133% P.P. pre-earnings | |||||
| June 04, 2020 | WORK JUN 19 2020 35.000 CALL | 119% P.P. pre-earnings | |||||
| June 04, 2020 | DOCU JUN 19 2020 150.000 CALL | 104% P.P. pre-earnings | |||||
Introduction…..
The Wall Street rally continues upwards with stocks moving ever higher on Wednesday. This places the indexes back to where it was just one week after it set its all-time high earlier this year. There is plenty of optimism that the economy will fight back successfully.
The S&P 500 rose 1.4% (+2.05 points) to 3,122.87 for its fourth straight gain, the latest upward move in its nearly 40% surge since late March. Hopes are raised for a coming economic recovery as lockdowns loosen around the world - and the stock market surges.
The Dow Jones Industrial Average gained 527.24 points, or 2%, to 26,269.89, and the Nasdaq composite rose 74.54, or 0.8%, to 9.682.91.
When To Exit A Trade Based On Earnings?.....
It is also worth considering, when options trading earnings reports – “Do we exit on already existing profits or leave the companies to report their earnings and hope for bigger profit?”
As most traders realize, there is a 50/50 chance that the company stock price could go either way after reporting earnings – even if the report is good, the stock price could reverse – and if you hold a call option, means depletion of an already good profit if it exists. A similar situation can be found if you hold a put option, and a report is not that sound (and you expect a profit from this) but the stock price can, at times move upwards due to traders bias or other external conditions......READ MORE.....
Dicks Sporting Goods Inc. (NYSE:DKS)
The largest sporting goods retailer in the U.S. reported earnings Tuesday before the market opened. It was expected that DKS would miss earnings estimates.
DKS posted first-quarter fiscal 2020 results, wherein adjusted loss per share was wider than the Consensus Estimate, while sales were in line with the same. Further, both metrics declined year over year. Moreover, management withdrew fiscal 2020 view citing unprecedented impacts of COVID-19.
In the fiscal first quarter, DICK'S Sporting reported adjusted loss of $1.21 per share against earnings of 62 cents in the prior-year quarter. The figure came in wider than the Consensus Estimate of a loss of 50 cents.
Net sales of $1,333.2 million declined 30.6% year over year. However, it came in line with the Zacks Consensus Estimate of $1,333 million.
While business was negatively
impacted by store closures due to the COVID-19 pandemic, its e-commerce
business has been building momentum. The company said e-commerce sales
increased by 110% in the quarter versus the year ago period, including its new
curbside contactless pickup service.
With 80% of company stores reopened as of May 30, 2020, Dick's said it believes it is in a "position of strength" looking ahead. It said it would "turn our attention to gaining market share for the remainder of 2020 and positioning our business for profitable growth in 2021."
Earnings Predictions Results for.....
Crowdstrike Holdings Inc (NASDAQ: CRWD)
Shares of CrowdStrike, a popular cybersecurity stock, surged 12.5% higher at the start of the market Wednesday morning after a sizable "earnings beat" sparking a whole series of hikes to its price target on Wall Street.
Expected to report an adjusted loss of $0.06 per share on $165.4 million in sales in its fiscal first quarter of 2020, Tuesday night CrowdStrike instead reported a small $0.02 pro forma profit -- and sales of $178.1 million that shot right past the analysts' estimates.
CrowdStrike promised Wall Street continued improvement as the year goes on. As of the latest guidance, CrowdStrike is expecting to beat earnings estimates by reporting a pro forma loss of no more than $0.02 per share in the second quarter, and keep on beating them all year long. Full-year (pro forma) earnings are projected to be a loss of $0.05 to $0.08 per share, versus the $0.12 loss than analysts had expected.
At least 14 separate Wall Street firms have raised their price targets on CrowdStrike stock, with analysts saying that the stock could run as high as $120 a share within a year.
Earnings Predictions Results for.....
Zoom Video Communications Inc (NASDAQ: ZM)
Shares of videoconferencing company Zoom reported earnings Tuesday after the market closed; then jumped higher on Wednesday, climbing about 8%. Shares are now up 224% this year, crushing the S&P 500's 3% decline over the same time frame.
Zoom was expected to report incredible results for its fiscal first quarter as workers and consumers sheltered at home and turned to videoconferencing for interaction and collaboration. But actual results were far ahead of even the most optimistic forecasts.
Revenue for Zoom's fiscal first quarter soared 169% year over year to $328.2 million, beating analysts' average forecast for revenue of $202.7 million. Non-GAAP (adjusted) net income during the period was $58.3 million, up from $8.9 million in the year-ago quarter. This translated to fiscal first-quarter non-GAAP earnings per share of $0.20, up from $0.03 in the same quarter last year; soaring past analysts' average estimate for non-GAAP EPS of $0.09.
Zoom has a bullish outlook for fiscal first-quarter results. Management said it expected fiscal second-quarter revenue to be between $495 million and $500 million. Analysts, on average, were expecting fiscal second-quarter revenue of $223.3 million. This means Zoom guided for fiscal second-quarter revenue to be more than double what analysts were expecting.
Earnings Predictions Results for.....
Shares of Cloudera were falling in after-hours trading Wednesday after the company topped expectations for the fiscal first quarter, but issued a tepid sales forecast for the full year.
Cloudera came out with quarterly earnings of $0.05 per share, beating the Consensus Estimate of $0.01 per share. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 400%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced earnings of $0.04, delivering a surprise of 200%.
The enterprise data cloud firm posted $210.5 million in revenue for the quarter ending April 30, representing growth of 12% and higher than an analyst consensus of $204.9 million.
Shares of Cloudera were down 6% immediately following the release.
Join us today and see what future trades will be recommended!
Earnings Predictions Results for.....
Slack Technologies Inc (NYSE: WORK)
Software-as-a-service operator Slack Technologies developed
to make collaboration and project management easier while working on software
projects, will report earnings after the market closes today, Thursday, June 04.
The consensus estimate is for a loss of $0.06 per share on revenue of $186.54
million; but the Whisper number is a little better at ($0.04) per share.
The company's guidance was for a loss of $0.07 to $0.06 per
share on revenue of $185.00 million to $188.00 million.
For the last reported quarter, it was expected that Slack
would post a loss of $0.06 per share when it actually produced a loss of $0.04,
delivering a surprise of +33.33%.
Over the last four quarters, the company has beaten
consensus EPS estimates three times.
Slack is a work communication-focused online platform that it calls a "collaboration hub that brings the right people, information, and tools together to get work done." The San Francisco-based company also lives in the broader cloud-computing/CRM world and hopes to attract more paying business clients through its apps and "robust" API.
Docusign, headquartered in San Francisco, CA, a popular name for authenticating documents over the Internet through electronic signature, will report earnings after the market closes today, June 04. The consensus earnings estimate is for $0.10 per share on revenue of $284.00 million; but the Whisper number is much higher at $0.17 per share.
The company's guidance was for revenue of $280.00 million to $284.00 million. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 32.73%.
The company has an impressive earnings surprise history. For the last reported quarter, it was expected that DocuSign would post earnings of $0.05 per share when it actually produced earnings of $0.12, delivering a surprise of +140%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
The San Francisco based company has been thrust into the spotlight. It can fill a pressing demand as more companies avoid business travel and insist that contracts and other documents be signed electronically.
Without any close competitor, DocuSign is very well positioned to grow and maintain its share in the ~$50 billion TAM opportunity.
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What Now after Earnings Predictions.....?
Stock Options Made Easy will now be considering further trades, based on the earnings predictions results, for “Cut-to-the-Chase” “Armchair Traders” and “Mentorship” members.
Also, read the article “Exiting Options Trades BEFORE or AFTER Earnings Reports Comparison!”
What will “Stock Options Made Easy” advise members to do?
What companies will be featured in next week's Earnings Predictions Results?
AS ALWAYS THE DECISION IS YOURS!
Keyword: Earnings Predictions Results
An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.
It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!
Best of Trading,
Ian Harvey
Director of Stock Options Made Easy
Options traders are not successful because they win.
Options traders win because they are successful.
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