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.
Lowe's Companies (NYSE:LOW) announces its next round of earnings this Wednesday, November 20. Here's Benzinga's look at Lowe's Q3 earnings report.
Earnings and Revenue
Wall Street analysts see Lowe's reporting earnings of $1.35 per share on sales of $17.68 billion.
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In the same quarter last year, Lowe's posted EPS of $1.04 on sales of $17.41 billion. The Wall Street estimate would represent a 29.81% increase in the company's earnings. Sales would be up 1.52% 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 | 2.000 | 1.340 | 0.79 | 0.98 |
| EPS Actual | 2.150 | 1.220 | 0.8 | 1.04 |
Stock Performance
Over the last 52-week period, shares are up 23.35%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Over the past 90 days, analysts have generally adjusted their estimates higher for EPS and revenues. The average rating by analysts on Lowe's stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Lowe's is scheduled to hold a conference call at 9:00 a.m. ET and can be accessed here: https://lowes.gcs-web.com/events/event-details/q3-2019-lowes-companies-inc-earnings-conference-call
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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