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, e.l.f. Beauty (NYSE:ELF) will release its latest earnings report. Check out Benzinga's report to understand the earnings report's implications.
Earnings and Revenue
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e.l.f. Beauty earnings will be near 6 cents per share on sales of $59.19 million, according to analysts.
In the same quarter last year, e.l.f. Beauty announced EPS of 12 cents on revenue of $55.85 million. The Wall Street consensus estimate for earnings would represent a 50 percent decrease for the company. Sales would be up 5.97 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 | 0.09 | 0.17 | 0.06 | 0.03 |
| EPS Actual | 0.11 | 0.26 | 0.18 | 0.12 |
Stock Performance
Over the last 52-week period, shares are down 41.78 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. Analysts have been rating e.l.f. Beauty stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
e.l.f. Beauty's Q2 conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: https://services.choruscall.com/links/elf180808V7TPIGFP.html
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.