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, Sept. 26, Rite Aid Corporation (NYSE:RAD) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
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Based on management's projections, Rite Aid analysts model for earnings of 7 cents per share on sales of $5.41 billion.
In the same quarter last year, Rite Aid announced EPS of 1 cent on revenue of $5.42 billion. If the company were to match the consensus estimate when it reports Thursday, earnings would be up 800%. Sales would have fallen 0.2% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 |
| EPS Estimate | -0.070 | -0.020 | -0.01 | |
| EPS Actual | -0.140 | -0.010 | 0.01 | -0.01 |
Stock Performance
Over the last 52-week period, shares are up 545.16%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating by analysts on Rite Aid stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Rite Aid is scheduled to hold the call at 8:30 a.m. ET and can be accessed here: https://engage.vevent.com/index.jsp?eid=5295&seid=84#/main/simplify
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.