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.
Piedmont Office Realty (NYSE: PDM) announces its next round of earnings this Wednesday, July 29. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.
Earnings and Revenue
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Analysts covering Piedmont Office Realty modeled for quarterly EPS of $0.07 on revenue of $141.76 million. In the same quarter last year, Piedmont Office Realty reported EPS of $0.430 on revenue of $130.67 million. If the company were to match the consensus estimate when it reports Wednesday, earnings would be down 83.72%. Sales would be up 12.4% from the year-ago period. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.08 | |||
| EPS Actual | 0.47 | 0.46 | 0.45 | 0.43 |
| Revenue Estimate | 135.25 M | 133.01 M | 126.04 M | 126.12 M |
| Revenue Actual | 137.17 M | 134.15 M | 135.42 M | 130.67 M |
Stock Performance
Shares of Piedmont Office Realty were trading at $15.71 as of July 28. Over the last 52-week period, shares are down 23.74%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.
Considering these returns, long-term shareholders will likely be feeling unsatisfied going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Piedmont Office Realty is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/pdwzmjrw
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.