PS8 trade ideas
Pricesmart Inc. (PSMT:NASDAQ) Q3 Earnings ReportPricesmart Inc. Q3 Earnings Report: Analyst Predictions and Outlook
Introduction:
Pricesmart Inc., a leading warehouse club operator, is set to release its Q3 earnings report on July 10th. This article provides an informative overview of analyst predictions and expectations for Pricesmart's earnings, including earnings per share (EPS) and sales figures for the quarter. Investors can monitor the stock price in real-time ahead of the earnings release.
I. Analyst Predictions for Q3 Earnings
EPS Forecast:
Analysts have predicted an EPS of $0.852 for Pricesmart's Q3 earnings, versus $0.620 per share in the same quarter of 2022. The anticipated increase suggests a positive growth trajectory for the company with scope for the stock's price to rise.
Sales Growth:
Analysts expect Pricesmart to report sales of $1.10 billion for Q3, reflecting a 6.82% increase compared to the same period last year. This growth is indicative of the company's ability to capture consumer demand and expand its market presence.
II. Fiscal Year Outlook
EPS Expectations:
Analysts project that Pricesmart's EPS for the full fiscal year will be $3.72, compared to $3.38 in the previous year. This projected growth suggests a positive outlook for the company's profitability over the long term.
Revenue Outlook:
On average, analysts anticipate Pricesmart's revenue for the fiscal year to reach $4.38 billion, compared to $4.07 billion in the previous year. This projected increase reflects the market's confidence in the company's ability to drive sales growth and leverage its competitive position.
Conclusion:
With Pricesmart's Q3 earnings report scheduled for release on July 10th, analysts are forecasting an EPS of $0.852 and a sales increase of 6.82% compared to the previous year. The fiscal year outlook indicates expected growth in both earnings per share and revenue. Investors can monitor the stock price in real-time to stay updated on market sentiment leading up to the earnings announcement.
PSMT - Move UpwardsPSMT has formed this nice higher low double bottom.
I do expect a move upwards within this channel breaking some strong resistance.
From here price can increase rapidly.
PSMT - Up IdeaSimilar areas in circles
Following the circles price saw sharp rise
I pose that this rise will occur again which is what I have tried to shown on chart
Price is still within a large channel and as long it is its bullish
Bars pattern in green shows the move
Good passive incomePriceSmart is more for passive investor who love to collect dividend.
At current tension and rate hike environment, they increase they dividend payout.
From chart, we can see a breakout based on weekly candle.
$75 is a good inflex price level. (Support/Resistance)
$PSMT Breaking to new ATHsTaking a chance on a continued run higher here. This is breaking to new all time highs. Everyone in the trade is making money. I don't expect this to be a barn burner. But, I'm looking for small incremental moves higher, All TBD. Ideas, not investing / trading advice.
PSMTComplete nonsense for myself. But guess though as the divergence created a bottom and start of new trend. Would expect it to work back to a more neutral reading and smaller bounce with another reset before next leg back to top of green range box and hopefully over. Personal guess for BS purposes.
#Watchlist $PSMTMassive 20% move in a single day and B/O into monthly resistance. Not a perfect chart pattern but the moves are violent. #15ORB P-Fibs Candidate.
Earnings ignites a very Bullish reversal in Pricesmart.TODAYS UPGRADE
PriceSmart upgraded to Outperform from Sector Perform at Scotiabank. Scotiabank analyst Rodrigo Echagaray upgraded PriceSmart to Outperform from Sector Perform and lowered its price target to $82 from $86.
Read more at: The Fly
AVERAGE ANALYSTS PRICE TARGET $78.67
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 26.31
SHORT INTEREST 4.58%
COMPANY PROFILE
PriceSmart, Inc. engages in the international management and operation of membership warehouse clubs. It operates through the following geographical segments: United States Operations, Central American Operations, Caribbean Operations, and Colombia Operations. The United States Operations covers include distribution centers and corporate offices. The Central America Operations segment f covers Panama, Guatemala, Costa Rica, El Salvador, Honduras, and Nicaragua. The Caribbean Operations segment includes Dominican Republic, Aruba, Barbados, Trinidad, U.S. Virgin Islands, and Jamaica. The company was founded by Sol Price and Robert E. Price in 1994 and is headquartered San Diego, CA.
Quarterly Earnings - Monthly Interval - PSMTHello Successful Traders,
The stock (PSMT) will be releasing Q2Es today (April 9th). Considering the prevalent breakout towards the downside (be cautious), there could a further push (trend continuation). Acknowledge that while fundamentals are a viable approach to entering and exiting the market, it is still an immense risk (so utilize a viable risk management itinerary).
Resistance Level 2 - (127.55 - 127.85) 30 cent interval
Resistance Level 1 - (126.90 - 127.20) 30 cent interval
Key Price Zone (KPZ) - (81.50 - 81.75) 25 cent interval
Support Level 1 - (55.40 - 55.65) 25 cent interval
Support Level 2 - (10.50 - 10.80) 30 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
PSMT Pricesmart is a winner!Trend reversal bullish divergence along with good oscillators. Macd histogram showing green, cci and rsi are both entering buy signals.
Happy trading.
PSMT- Short form 80.33Huge decline followed by contraction, and now seems breaking down. Money-flow is very negative. We think it will go down to 70 area. Break of 80.33 will be entry confirmation.
$PSMTNice pull back to the upper trend line of downward channel. Similar set up $TEVA run like crazy today
$PSMT IS NOW $78.60. Price Target Hit. Great Hps Trade$PSMT IS NOW $78.60. Price Target Hit. Great Hps Trade
