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 Tuesday, Gilead Sciences (NASDAQ:GILD) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Based on Gilead Sciences management projections, analysts predict EPS of $1.67 on revenue of $5.73 billion.
In the same quarter last year, Gilead Sciences announced EPS of $2.70 on revenue of $7.3 billion. The Wall Street consensus estimate for earnings would represent a 38.15 percent decrease for the company. Sales would be down 21.72 percent on a year-over-year basis. Gilead Sciences'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 | 2.12 | 2.13 | 2.27 | 2.61 |
| EPS Actual | 2.27 | 2.56 | 2.23 | 2.7 |
Q4 EPS Estimate: $1.67
Q4 Revenues Estimate: $5 billion
Stock Performance
Shares of Gilead Sciences were trading at $81.73. Over the last 52-week period, shares are up 13.12 percent. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on Gilead Sciences stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Gilead's Q4 conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here.
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.
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