If you’re trying to build your earnings season watch list by looking for stocks setting up in a base ahead of their next earnings report, here’s one that fits the bill: Marten Transport (MRTN). It’s expected to release its latest numbers around Jul. 15 and is currently approximately 16% below a 20.04 entry. The entry is based on a first-stage consolidation.
Understand that buying just before a stock reports can be risky. You don’t know how the stock will report and how the market will react, and you don’t have enough time to build a profit cushion. You can reduce your exposure by waiting to see how the company reports and how the market reacts. Another way to minimize the risk of a post-earnings sell-off is to use an options strategy.
In terms of fundamentals, the company has posted rising EPS growth over the last two quarters. Revenue growth has also moved higher during the same period.
Analysts are looking for earnings-per-share growth of 23% for the quarter, and 27% growth for the full year.
The company has a 99 Composite Rating and holds the No. 1 rank among its peers in the Transportation-Truck industry group. USA Truck (USAK) and Universal Logistics (ULH) are also among the group’s highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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