27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Pinnacle Financial (NASDAQ:PNFP) releases its next round of earnings Tuesday. Here's Benzinga's essential guide to Pinnacle Financial's earnings report.
Earnings and Revenue
Wall Street analysts see Pinnacle Financial reporting earnings of 92 cents per share per share on sales of $224 million.
In the same quarter last year, Pinnacle Financial reported earnings per share of 79 cents per share on sales of $120 million. If the company were to match the current consensus estimate when it reports Tuesday, EPS would be up 10.84 percent. Sales would be up 86.54 percent on a year-over-year basis.
Pinnacle Financial's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
| EPS Estimate | 0.9 | 0.8 | 0.77 | 0.81 |
| EPS Actual | 0.9 | 0.84 | 0.83 | 0.83 |
Q4 EPS Estimate: 92 cents per share
Q4 Revenues Estimate: $224 million
Stock Performance
As of Jan. 16, Pinnacle Financial's current share price was $68.55. For a full 12 months, the return has risen by 1.9 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.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts generally rate Pinnacle Financial stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Pinnacle Financial's Q4 is scheduled to hold a conference call at 8:00 a.m. ET and it can be accessed here: https://www.pnfp.com/
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!