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, March 12, Oracle (NYSE:ORCL) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
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Analysts expect Oracle earnings of 96 cents per share. Revenue will likely be around $9.75 billion, according to the consensus estimate.
In the same quarter last year, Oracle reported earnings per share of 87 cents on sales of $9.62 billion. The analyst consensus estimate would represent a 10.34% increase in the company's earnings. Sales would be up 1.37% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
| EPS Estimate | 0.880 | 0.810 | 1.070 | 0.84 |
| EPS Actual | 0.900 | 0.810 | 1.160 | 0.87 |
Stock Performance
Over the last 52-week period, shares are down 7.94%. 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 most common rating from analysts on Oracle stock is a 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. Oracle is scheduled to hold the call at 5:00 p.m. ET and can be accessed here.
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.