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.
Intuit (NASDAQ: INTU) unveils its next round of earnings this Tuesday, August 25. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
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Intuit EPS will likely be near $1.05 while revenue will be around $1.57 billion, according to analysts. In the same quarter last year, Intuit reported a loss per share of $0.09 on revenue of $994.00 million. The analyst consensus estimate would represent a 1266.67% increase in the company's EPS figure. Intuit's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2020 | Q2 2020 | Q1 2019 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | 5.48 | 1.03 | 0.25 | -0.14 |
| EPS Actual | 4.49 | 1.16 | 0.41 | -0.09 |
| Revenue Estimate | 3.34 B | 1.68 B | 1.12 B | 961.89 M |
| Revenue Actual | 3.00 B | 1.70 B | 1.17 B | 994.00 M |
Stock Performance
Over the last 52-week period, shares are up 15.49%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Intuit is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://investors.intuit.com/events-and-presentations/default.aspx
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.