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 Wednesday, Cirrus Logic (NASDAQ:CRUS) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
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Cirrus Logic EPS is expected to be around 60 cents per share, according to sell-side analysts. Sales will likely be near $320.29 million.
In the same quarter last year, Cirrus Logic reported EPS of 85 cents on revenue of $327.86 million. The Wall Street estimate would represent a 29.41 percent decline in the company's earnings. Revenue would have fallen 2.31 percent from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 1.78 | 1.2 | 0.66 | 0.7 |
| EPS Actual | 1.59 | 1.36 | 0.81 | 0.85 |
Stock Performance
Over the last 52-week period, shares are down 41.87 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on Cirrus Logic stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
Cirrus Logic's Q4 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://event.on24.com/wcc/r/1627735/7B962271EFE75B0481033BF3C9F418B5
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.