27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Switch (NYSE:SWCH) announces its next round of earnings this Thursday, November 7. Here's Benzinga's look at Switch's Q3 earnings report.
Earnings and Revenue
Switch EPS is expected to be around 4 cents, according to sell-side analysts. Sales will likely be near $113.18 million.
In the same quarter last year, Switch reported a breakeven bottom-line number on revenue of $102.77 million. Sales would be have grown 10.13% 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 | 0.050 | 0.040 | 0.03 | 0.04 |
| EPS Actual | 0.040 | 0.010 | 0.05 | 0 |
Stock Performance
Over the last 52-week period, shares are up 52.82%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Switch stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Switch is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: https://investors.switch.com/events-and-presentations
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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