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 Thursday, January 30, Verizon Communications (NYSE:VZ) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
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Verizon Communications EPS is expected to be around $1.14, according to sell-side analysts. Sales will likely be near $34.64 billion.
Verizon Communications reported a profit of $1.12 when it published results during the same quarter last year. Sales in that period totaled $34.28 billion. If the company were to match the consensus estimate when it reports Thursday, earnings would be up 1.79%. Revenue would be up 1.05% from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 1.240 | 1.200 | 1.170 | 1.09 |
| EPS Actual | 1.250 | 1.230 | 1.200 | 1.12 |
Stock Performance
Over the last 52-week period, shares are up 10.22%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts generally rate Verizon Communications stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Verizon Communications is scheduled to hold the call at 8:30 a.m. ET and can be accessed here: https://www.verizon.com/about/investors/fourth-quarter-2019-earnings
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.