My first earnings short-squeeze trade idea today is casinos and gaming player Shuffle Master (SHFL), which is set to release numbers on Monday after the market close. Wall Street analysts, on average, expect Shuffle Master to report revenue of $67.93 million on earnings of 20 cents per share.
Just recently, Brean Murray said that investors concern regarding Shuffle Master's electronic table systems segment has created a buying opportunity before its third-quarter results. The firm thinks the concerns are overblown since the segment only makes up 10% of revenue and 6% of profits. Brean has a buy rating on the stock and a $19 price target.
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