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.
Baidu (NASDAQ:BIDU) unveils its next round of earnings this Monday, August 19. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
Analysts predict Baidu will report earnings of 89 cents per share on revenue of $3.76 billion.
Baidu EPS in the same period a year ago totaled $3.18. Sales were $3.93 billion. If the company were to match the consensus estimate, earnings would be down 72.01%. Sales would be down 4.33% on a year-over-year basis. Baidu's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.530 | 1.82 | 2.51 | 2.61 |
| EPS Actual | 0.410 | 1.92 | 2.77 | 3.18 |
Stock Performance
Over the last 52-week period, shares of Baidu have declined 55.8%. 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 Baidu stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Baidu is scheduled to hold a conference call at 9:15 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/zesr2noi
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.
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