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.
Steelcase (NYSE:SCS) releases its next round of earnings Tuesday. Here's Benzinga's essential guide to Steelcase's Q4 earnings report.
Earnings and Revenue
Wall Street analysts see Steelcase reporting earnings of 16 cents per share on sales of $750 million.
In the same quarter last year, Steelcase reported earnings per share of 28 cents on sales of $769 million. The analyst consensus estimate would represent a 42.86 percent decrease in the company's earnings. Revenue would be down 2.39 percent from the same quarter last year.
Steelcase's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.23 | 0.23 | 0.19 | 0.23 |
| EPS Actual | 0.22 | 0.26 | 0.18 | 0.28 |
Stock Performance
Over the past 52-week period, shares of Steelcase have declined 15.48 percent. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Steelcase is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
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.
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