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 Tuesday, October 29, AutoNation (NYSE:AN) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
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Wall Street expects EPS of $1.12 and sales around $5.38 billion.
AutoNation EPS in the same period a year ago totaled $1.24. Sales were $5.35 billion. If the company were to match the consensus estimate, earnings would be down 9.68%. Revenue would be up 0.58% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 1.060 | 0.930 | 1.15 | 1.24 |
| EPS Actual | 1.200 | 1.050 | 1.1 | 1.24 |
Stock Performance
Over the last 52-week period, shares are up 20.01%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains 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 AutoNation stock is a Sell. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
AutoNation is scheduled to hold a conference call at 11:00 a.m. ET and it can be accessed here.
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.