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 Friday, June 28, Constellation Brands (NYSE:STZ) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
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Constellation Brands EPS is expected to be around $2.06, according to sell-side analysts. Sales will likely be near $2.06 billion.
In the same quarter last year, Constellation Brands announced EPS of $2.20 on revenue of $2.05 billion. The Wall Street estimate would represent a 6.36% decline in the company's earnings. Revenue would be up 0.64% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
| EPS Estimate | 1.73 | 2.06 | 2.6 | 2.45 |
| EPS Actual | 1.840 | 2.37 | 2.87 | 2.2 |
Stock Performance
Over the last 52-week period, shares of Constellation Brands have declined 19.43%. 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 adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Constellation Brands stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Constellation Brands is scheduled to hold a conference call at 10:30 a.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/h5ibwz3e
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.