Guess? - How To Trade With Crowd Indicator? +13.2% in one trade
Guess? Inc. was expected to reveal its financial results for the second quarter after the market close on Wednesday, August 24. Here is the question that had been published a few days before earnings report was released:
Guess? Inc. (GES) is scheduled to reveal its second-quarter results on Wednesday, August 24 after the market closes. Wall Street is expecting earnings per share (EPS) of 6 cents. Will Guess report EPS above Wall Street Consensus?
According to Cindicator users, the probability for Guess? Inc. to beat analysts’ expectations was 65 percent. Therefore, we had bought 6800 GES shares at $14.86 before the earnings report was revealed on Wednesday, August 24.
The stock jumped more than 20% in post-market trading on Wednesday after the Los Angeles-based retailer reported adjusted earnings of 14 cents per diluted share, handily beating analysts’ projections of 6 cents per share. Our analysts decided to hold all the shares until the next day due to the solid earnings. The following day, we sold 6800 shares of GES at $18.08 for $21,880 profit (about 13.2%). This trade has beaten out recent big winner BBY becoming our most gaining trade so far.
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