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.
Burlington Stores (NYSE: BURL) unveils its next round of earnings this Thursday, August 27. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
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Analysts covering Burlington Stores have modeled for quarterly EPS loss of $1.04 on revenue of $1.11 billion. In the same quarter last year, Burlington Stores reported EPS of $1.36 on revenue of $1.66 billion. The analyst consensus estimate would represent a 176.47% decrease in the company's earnings per share. Revenue would have fallen 16.06% from the same quarter last year. 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 | -1.03 | 3.22 | 1.40 | 1.14 |
| EPS Actual | -4.76 | 3.25 | 1.55 | 1.36 |
| Revenue Estimate | 956.42 M | 2.20 B | 1.78 B | 1.63 B |
| Revenue Actual | 801.52 M | 2.21 B | 1.78 B | 1.66 B |
Stock Performance
Over the last 52-week period, shares are down 4.73%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Burlington Stores is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/5kfs4y65
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.