20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Michaels Companies (NASDAQ:MIK) releases its next round of earnings this Thursday, December 5.
Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for the Q3 earnings announcement before the bell.
Earnings and Revenue
Analysts covering Michaels Companies modeled for quarterly EPS of 49 cents on revenue of $1.26 billion.
In the same quarter last year, Michaels Companies posted EPS of 48 cents on sales of $1.27 billion. The analyst consensus estimate would represent a 2.08% increase in the company's EPS figure. Revenue would have fallen 1.10% from the same quarter last year. Michaels Companies's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 0.140 | 0.310 | 1.42 | 0.44 |
| EPS Actual | 0.190 | 0.310 | 1.44 | 0.48 |
Stock Performance
Over the last 52-week period, shares are down 58.52%. Given that these returns are generally negative, long-term shareholders are probably a little upset 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 Michaels Companies stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Michaels Companies is scheduled to hold a conference call at 9:00 a.m. ET and can be accessed here: http://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10136403
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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