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.
On Monday, First Midwest Bancorp (NASDAQ:FMBI) will release its latest earnings report.
Earnings and Revenue
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Analysts predict First Midwest Bancorp will report earnings of 36 cents per share on revenue of $163.3 million.
In the same quarter last year, First Midwest Bancorp announced EPS of 32 cents per share on revenue of $127 million. If the company were to match the current consensus estimate when it reports Monday, EPS would be up 12.5 percent. Revenue would be up 28.10 percent on a year-over-year basis.
In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q3 2017 | Q2 2017 | Q1 2017 |
| EPS Estimate | 0.36 | 0.36 | 0.34 |
| EPS Actual | 0.37 | 0.35 | 0.34 |
Q4 EPS Estimate: 36 cents per share
Q4 Revenues Estimate: $163 million
Stock Performance
Shares of First Midwest Bancorp were trading at $26.04 as of Jan. 29. Over the last 52-week period, shares are up 6.03 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with First Midwest Bancorp. The strength of this rating has maintained conviction over the past three months.
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.