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.
Hooker Furniture (NASDAQ: HOFT) announces its next round of earnings this Thursday, September 03. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.
Earnings and Revenue
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Wall Street analysts see Hooker Furniture reporting earnings of $0.34 per share on sales of $153.17 million. In the same quarter last year, Hooker Furniture announced EPS of $0.35 on revenue of $152.25 million. If the company were to report in-line earnings when it publishes results Thursday, quarterly profit would be down 2.86%. Here's how the Hooker Furniture's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.02 | 0.55 | 0.48 | 0.43 |
| EPS Actual | -0.09 | 0.59 | 0.30 | 0.35 |
| Revenue Estimate | 105.58 M | 163.72 M | 173.14 M | 159.94 M |
| Revenue Actual | 104.60 M | 164.88 M | 158.18 M | 152.25 M |
Stock Performance
Over the last 52-week period, shares are up 42.65%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Hooker Furniture is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/44u2ekm2
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.