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.
Workday (NYSE:WDAY) unveils its next round of earnings this Thursday, Nov. 29. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement
Earnings and Revenue
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Workday EPS will likely be near 14 cents while revenue will be around $723 million, according to analysts.
In the same quarter last year, Workday reported EPS of 24 cents on revenue of $555.38 million. The Wall Street consensus estimate for earnings would represent a 41.67 percent decrease for the company. Sales would be up 30.18 percent from the year-ago period. Workday's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 0.26 | 0.26 | 0.2 | 0.15 |
| EPS Actual | 0.31 | 0.33 | 0.28 | 0.24 |
Stock Performance
Over the last 52-week period, shares are up 19.47 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The most common rating by analysts on Workday stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Workday's Q3 conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/6ggv2jxh
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.