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, Conagra Brands (NYSE:CAG) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
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Conagra Brands EPS will likely be near 48 cents while revenue will be around $2.58 billion, according to analysts.
In the same quarter last year, Conagra Brands posted a profit of 51 cents on sales of $2.71 billion. If the company were to post earnings inline with the consensus estimate when it reports Tuesday, EPS would be down 5.88%. Revenue would be down 4.69% on a year-over-year basis. Here's how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
| EPS Estimate | 0.570 | 0.390 | 0.410 | 0.49 |
| EPS Actual | 0.630 | 0.430 | 0.360 | 0.51 |
Stock Performance
For a full 12 months, the return has risen by 2.25%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
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 Conagra Brands. The strength of this rating has maintained conviction over the past three months.
Conference Call
Conagra Brands is scheduled to hold a conference call at 9:30 a.m. ET and it can be accessed here: https://78449.choruscall.com/dataconf/productusers/cag/mediaframe/36108/indexr.html
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.