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.
Commercial Metals (NYSE:CMC) releases its next round of earnings Thursday. Here's Benzinga's essential guide to Commercial Metals' Q3 earnings report.
Earnings and Revenue
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Based on Commercial Metals management projections, analysts predict EPS of 41 cents on revenue of $1.28 billion.
In the same quarter last year, Commercial Metals reported EPS of 34 cents on revenue of $1.38 billion. If the company were to match the consensus estimate when it reports Thursday, EPS would be up 20.59 percent. Revenue would be down 7.45 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.27 | 0.18 | 0.23 | 0.26 |
| EPS Actual | 0.26 | 0.3 | 0.07 | 0.34 |
Stock Performance
Over the last 52-week period, shares are up 24.21 percent. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts have been rating Commercial Metals stock as Sell. The strength of this rating has dwindled over the past three months.
Conference Call
Commercial Metals is scheduled to hold a conference call at 11:00 a.m. ET and it can be accessed here: http://ir.cmc.com/
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.