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.
Organovo Holdings (NYSE:ONVO) unveils its next round of earnings Thursday. Get prepared with Benzinga's ultimate preview for Organovo's Q3 earnings.
Earnings and Revenue
Sell-side analysts are expecting Organovo's loss per share to be near 9 cents on sales of $1.25 million.
In the same quarter last year, Organovo reported a loss per share of 9 cents on sales of $1.15 million. If the company were to report inline earnings when it publishes results Thursday, revenue would be up 8.6 percent from the year-ago period. Organovo's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | -0.1 | -0.1 | -0.11 | -0.1 |
| EPS Actual | -0.09 | -0.1 | -0.1 | -0.09 |
Q3 EPS Estimate: -9 cents per share
Q3 Revenues Estimate: $1 million
Stock Performance
Shares of Organovo were trading around $1.39. Over the last 52-week period, shares of Organovo have declined 63.71 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analyst estimates have not been modified for EPS and revenues over the past 90 days. The popular rating by analysts on Organovo stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Organovo's Q3 conference call is scheduled to begin at 5:00 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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