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 Thursday, May 9, Cumulus Media (NASDAQ:CMLS) will release its latest earnings report. Benzinga's outlook for Cumulus Media is included in the following report.
Earnings and Revenue
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Wall Street analysts see Cumulus Media reporting earnings of 18 cents per share on sales of $264.34 million.
In the same quarter last year, Cumulus Media reported an EPS loss of 17 cents on revenue of $263.67 million. Revenue would be up 0.25 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 | -0.15 | ||||
| EPS Actual | 2.17 | 0.63 | 1.76 | -0.17 | -0.3 |
Stock Performance
Shares of Cumulus Media were trading at $17.17 as of May 8. Over the last 52-week period, shares are down 0 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Cumulus Media stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
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.