27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Citi Trends (NASDAQ:CTRN) announces its next round of earnings this Thursday, May 23. Here is Benzinga's everything-that-matters guide for this Thursday's Q1 earnings announcement.
Earnings and Revenue
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Analysts covering Citi Trends modeled for quarterly EPS of 83 cents on revenue of $206.81 million.
In the same quarter last year, Citi Trends reported EPS of 83 cents on revenue of $211.03 million. Sales would be down 2.00 percent on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 0.07 | 0.9 | 0.43 | ||
| EPS Actual | 0.59 | -0.04 | 0.24 | 0.83 | 0.5 |
Stock Performance
Over the last 52-week period, shares of Citi Trends have declined 41.49 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have not modified their estimates for EPS and revenues over the past 90 days. Analysts have been rating Citi Trends stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Citi Trends is scheduled to hold a conference call at 9:00 a.m. ET and can be accessed here: https://edge.media-server.com/m6/p/3irac8vj
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.