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 Tuesday, February 4, Chipotle Mexican Grill (NYSE:CMG) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
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Based on management's projections, Chipotle Mexican Grill analysts model for earnings of $2.75 per share on sales of $1.4 billion.
Chipotle Mexican Grill earnings in the same period a year ago was $1.72. Quarterly sales came in at $1.23 billion. If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 59.88%. Revenue would be have grown 14.29% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 3.190 | 3.77 | 2.940 | 1.33 |
| EPS Actual | 3.820 | 3.990 | 3.400 | 1.72 |
Stock Performance
Over the last 52-week period, shares are up 63.66%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Chipotle Mexican Grill. The strength of this rating has maintained conviction over the past three months.
Conference Call
Chipotle Mexican Grill is scheduled to hold a conference call at 4:30 p.m. ET and can be accessed here: https://www.webcaster4.com/Webcast/Page/1894/32608
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.