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.
On Thursday, February 27, Baidu (NASDAQ:BIDU) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Baidu EPS is expected to be around $1.86, according to sell-side analysts. Sales will likely be near $3.92 billion.
In the same quarter last year, Baidu announced EPS of $1.92 on revenue of $3.96 billion. The analyst consensus estimate would represent a 3.12% decline in the company's EPS figure. Revenue would have fallen 0.88% from the same quarter last year. Here's how the Baidu's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 1.180 | 0.890 | 0.530 | 1.82 |
| EPS Actual | 1.760 | 1.470 | 0.410 | 1.92 |
Stock Performance
Over the last 52-week period, shares of Baidu have declined 24.59%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The most common rating from analysts on Baidu stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Baidu is scheduled to hold a conference call at 8:15 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/f4enomq9
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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