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, ConocoPhillips (NYSE:COP) will release its latest earnings report. Benzinga's outlook for ConocoPhillips is included in the following report.
Earnings and Revenue
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ConocoPhillips earnings will be near 75 cents per share on sales of $7.92 billion, according to analysts.
ConocoPhillips EPS in the same period a year ago totaled $1.36. Sales were $10.16 billion. Analysts estimate would represent a 44.85% decrease in the company's earnings. Revenue would be down 22.09% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 1.030 | 0.840 | 0.97 | 1.18 |
| EPS Actual | 1.010 | 1.000 | 1.13 | 1.36 |
Stock Performance
Over the last 52-week period, shares are down 17.16%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on ConocoPhillips stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. ConocoPhillips is scheduled to hold the call at 12:00 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/tbh5x56q
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.