Vector (VGR) is trading within a buy zone as it gets ready to report earnings on May 5.
It’s trading approximately 4% above a 12.71 buy point from a second-stage cup with handle.
Be aware that buying just before a stock reports is risky, since an EPS or sales miss could send it sharply lower. You can minimize your exposure by waiting to see the actual numbers and the market’s reaction. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.
Earnings grew 86% last quarter, up from 21% in the prior report. Revenue also increased, from -4% to 9%.
Analysts expect EPS growth of -13% for the quarter, and an 8% gain for the full year.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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