27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Progress Software (NASDAQ:PRGS) will be releasing its next round of earnings Wednesday, Jan. 10. For all of the relevant information, here is your guide for Wednesday's Q4 earnings announcement.
Earnings and Revenue
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Progress Software EPS is expected to be around 61 cents, according to sell-side analysts. Sales will likely be near $114 million.
Progress Software reported a per-share loss of $1.49 when it published results during the same quarter last year. Sales in that period totaled $118 million. If the company were to report inline earnings when it publishes results Wednesday, earnings would be down 1.61 percent. Sales would have fallen 3.11 percent from the same quarter last year.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
| EPS Estimate | 0.43 | 0.37 | 0.56 | |
| EPS Actual | 0.48 | 0.42 | 0.34 | 0.62 |
Q4 EPS Estimate: 0.61
Q4 Revenues Estimate: $114 million
Stock Performance
As of Jan. 10, Progress Software's share price was $43.97. For a full 12 months, the return has risen by 39.45 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on Progress Software stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.