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.
Redfin (NASDAQ:RDFN) will be releasing its next round of earnings this Wednesday, May 8. For all of the relevant information, here is your guide for Wednesday's first-quarter earnings announcement.
Earnings and Revenue
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Wall Street analysts see Redfin reporting a quarterly loss of 74 cents per share on sales of $103.55 million.
In the same quarter last year, Redfin reported an EPS loss of 44 cents on revenue of $79.8 million. Sales would be up 29.61 percent on a year-over-year basis. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | -0.18 | 0.02 | 0.02 | -0.44 | -0.05 |
| EPS Actual | -0.14 | 0.04 | 0.04 | -0.44 | -0.02 |
Stock Performance
Over the last 52-week period, shares are down 8.2 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts have been rating Redfin stock as Sell. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Redfin's conference call is scheduled to begin at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/j5myff3m
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.