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.
Lululemon Athletica (NASDAQ:LULU) unveils its next round of earnings this Tuesday, September 8.
Get prepared with Benzinga's ultimate preview for Lululemon Athletica's Q2 earnings.
Earnings and Revenue
Lululemon Athletica EPS will likely be near $0.55 while revenue will be around $842.49 million, according to analysts. In the same quarter last year, Lululemon Athletica reported EPS of $0.96 on revenue of $883.35 million. If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 42.71%. Revenue would have fallen 24.12% from the same quarter last year. Lululemon Athletica'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 | 0.25 | 2.24 | 0.93 | 0.88 |
| EPS Actual | 0.22 | 2.28 | 0.96 | 0.96 |
| Revenue Estimate | 678.75 M | 1.38 B | 898.01 M | 846.83 M |
| Revenue Actual | 651.96 M | 1.40 B | 916.14 M | 883.35 M |
Stock Performance
Shares of Lululemon Athletica were trading at $361 as of September 4. Over the last 52-week period, shares are up 87.01%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Analysts have developed a neutral outlook on the upcoming earnings release over the past few days versus 90 days ago.
Don't be surprised to see the stock move on comments made during its conference call. Lululemon Athletica is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/lululemon/mediaframe/40250/indexl.html
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.
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