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.
McCormick & Co (NYSE:MKC) announces its next round of earnings this Tuesday, March 31. Here's Benzinga's look at McCormick's Q1 earnings report.
Earnings and Revenue
Sell-side analysts expect McCormick & Co's EPS to be near $1.04 on sales of $1.23 billion.
In the same quarter last year, McCormick & Co reported earnings per share of $1.12 on sales of $1.23 billion. The Wall Street estimate would represent a 7.14% decline in the company's earnings. McCormick & Co's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 1.610 | 1.290 | 1.080 | 1.03 | 1.7 |
| EPS Actual | 1.610 | 1.460 | 1.160 | 1.12 | 1.67 |
Stock Performance
Over the last 52-week period, shares are down 10.24%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts have been rating McCormick & Co stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
McCormick & Co is scheduled to hold a conference call at 8:00 a.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/maxrdxks
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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