27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Cal-Maine Foods (NASDAQ: CALM) unveils its next round of earnings this Monday, September 28. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Earnings and Revenue
Analysts are expecting Cal-Maine Foods to report a loss of $0.47 per share. Revenue will likely be around $290.35 million, according to the consensus estimate. In the same quarter last year, Cal-Maine Foods posted a loss of $0.88 per share on sales of $241.17 million. If the company were to report in-line earnings when it publishes results Monday, earnings would be up 46.59%. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.20 | 0.17 | 0.03 | -0.89 |
| EPS Actual | 1.24 | 0.28 | -0.21 | -0.88 |
| Revenue Estimate | 454.25 M | 338.08 M | 324.07 M | 254.52 M |
| Revenue Actual | 453.33 M | 345.59 M | 311.52 M | 241.17 M |
Stock Performance
Over the last 52-week period, shares are down 2.53%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Cal-Maine Foods is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://www.calmainefoods.com/investors/events-calendar/
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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