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.
Limoneira (NASDAQ:LMNR) releases its next round of earnings this Monday, September 9. Here's Benzinga's essential guide to Limoneira's Q3 earnings report.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Based on Limoneira management projections, analysts predict EPS of 13 cents on revenue of $55.85 million.
In the same quarter last year, Limoneira reported EPS of 50 cents on revenue of $39.95 million. If the company were to match the consensus estimate, earnings would be down 74.00%. Sales would be up 39.80% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | -0.010 | -0.07 | -0.31 | 0.55 |
| EPS Actual | -0.090 | -0.11 | -0.3 | 0.5 |
Stock Performance
Over the last 52-week period, shares of Limoneira have declined 38.35%. 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 average rating by analysts on Limoneira stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
Limoneira is scheduled to hold a conference call at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/gvqftjzi
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.