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 Wednesday, March 4, Abercrombie & Fitch (NYSE:ANF) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
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Wall Street analysts see Abercrombie & Fitch reporting earnings of $1.24 per share on revenue of $1.17 billion.
In the same quarter last year, Abercrombie & Fitch posted EPS of $1.35 on sales of $1.16 billion. If the company were to match the consensus estimate, earnings would be down 8.15%. Revenue would be up 1.21% on a year-over-year basis. 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 | 0.240 | -0.520 | -0.440 | 1.15 |
| EPS Actual | 0.230 | -0.480 | -0.290 | 1.35 |
Stock Performance
Over the last 52-week period, shares are down 42.37%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Abercrombie & Fitch. The strength of this rating has maintained conviction over the past three months.
Conference Call
Abercrombie & Fitch is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/8nyycpsr
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.