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.
Fitbit (NYSE:FIT) releases its next round of earnings Wednesday. Get the latest predictions in Benzinga's essential guide to the company'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!
Analysts covering Fitbit have modeled for quarterly EPS loss of 10 cents on revenue of $345.26 million.
See Also: Google Invades Apple's Wearables Territory With Fitbit Acquisition
Revenue would be down 12.28% on a year-over-year basis. 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 | -0.180 | -0.220 | 0.07 | -0.01 |
| EPS Actual | -0.140 | -0.150 | 0.14 | 0.04 |
Stock Performance
Over the last 52-week period, shares are up 15.41%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on Fitbit stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Fitbit is scheduled to hold a conference call at 5:00 p.m. ET and 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.