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, August 04, FMC (NYSE: FMC) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
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Based on FMC management projections, analysts predict EPS of $1.66 on revenue of $1.21 billion. FMC reported a profit of $1.660 per share when it published results during the same quarter last year. Sales in that period totaled $1.21 billion. If the company were to match the consensus estimate when it reports Tuesday, earnings would have not changed. Sales would be up 2.42% on a year-over-year basis. FMC's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.78 | 1.54 | 0.81 | 1.65 |
| EPS Actual | 1.84 | 1.76 | 0.94 | 1.66 |
| Revenue Estimate | 1.24 B | 1.19 B | 976.02 M | 1.20 B |
| Revenue Actual | 1.25 B | 1.20 B | 1.01 B | 1.21 B |
Stock Performance
Over the last 52-week period, shares of FMC are up 26.35%.
Given these returns, long-term shareholders are probably less than satisfied going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. FMC is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.fmc.com%2Fevents-and-presentations%2Fevent-details%2F2020%2FQ2-2020-FMC-Corporation-Earnings-Conference-Call%2Fdefault.aspx&eventid=2463348&sessionid=1&key=715A8F75004013B9BE77D34B4C437352®Tag=&sourcepage=register
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.