With earnings on tap for Apr. 26, Trinet Group stock is currently about 6% below a 103.46 buy point. The base is a third-stage cup with handle, which means it's more prone to failure than a first- or second-stage formation.
Understand that buying a stock just ahead of earnings can be risky since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
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Earnings Growth Grew Double Digits
The outsourcing firm's earnings growth rose last quarter from 134% to 157%, but the top line fell from 18% to 16%.
Analysts are looking for earnings growth of 23% for the quarter, and -13% growth for the full year.
Trinet Group stock has a 94 Composite Rating and earns the No. 2 rank among its peers in the Commercial Services-Outsourcing industry group. Paychex is the No. 1-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
