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.
E W Scripps (NYSE:SSP) announces its next round of earnings Friday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
E W Scripps EPS is expected to be around 8 cents, according to sell-side analysts. Sales will likely be near $275.78 million.
E W Scripps reported a profit of 8 cents when it published results during the same quarter last year. Sales in that period totaled $231.8 million. If the company were to match the consensus estimate when it reports Friday, earnings would be down 0.00 percent. Revenue would be have grown 18.96 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
EPS Estimate | -0.08 | 0.05 | -0.04 | 0.06 |
EPS Actual | -0.07 | 0.14 | -0.03 | 0.08 |
Stock Performance
Over the last 52-week period, shares are down 34.45 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Over the past 90 days, analysts have not modified their estimates for EPS and revenues. The popular rating by analysts on The E W Scripps stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
E W Scripps's Q2 conference call is scheduled to begin at 9:00 a.m. ET and can be accessed here: http://ir.scripps.com/phoenix.zhtml?c=98686&p=irol-irhome
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.