$SpaceX(SPCX)$ Reports ER on Oct 20. The consensus expectation for the upcoming release ranges between +$0.13 and +$0.17 EPS, compared to -0.09 in 2Q, which would mark the company's transition into sustained quarterly profitability. Revenue is expected to be around $13.02B, compared to $7.80B in 2Q, for 84% QoQ growth.
Sure, this could drop to $130 if the market sells off another -5% from here, but for now, near $143 looks like a pretty good entry. Given the recent pullback, as long as the company meets 3Q forecasts and guides up for 4Q, we should see a nice rally back over $160+ as long as the market doesn't tank on us.
$Leverage Shares 2X Long SPCX Daily ETF(SPCH)$ $Leverage Shares 2X Short SPCX Daily ETF(SSPC)$ $Tesla Motors(TSLA)$
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