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.
WD-40 (NASDAQ: WDFC) announces its next round of earnings this Tuesday, October 20. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement.
Earnings and Revenue
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Analysts expect WD-40 earnings of $1.13 per share. Revenue will likely be around $98.80 million, according to the consensus estimate. WD-40 EPS in the same period a year ago totaled $0.63. Sales were $106.74 million. If the company were to match the consensus estimate, earnings would be up 79.37%. Revenue would be down 7.44% on a year-over-year basis. WD-40's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.07 | 1.21 | 0.98 | 0.61 |
| EPS Actual | 1.06 | 1.04 | 0.88 | 0.63 |
| Revenue Estimate | 108.10 M | 103.10 M | 103.97 M | 106.33 M |
| Revenue Actual | 98.25 M | 100.05 M | 98.56 M | 106.74 M |
Stock Performance
Shares of WD-40 were trading at $197.93 as of October 16. Over the last 52-week period, shares are up 9.89%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. WD-40 is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.wd40company.com%2F&eventid=2628808&sessionid=1&key=4D6E936E91DC5CF36AA0A14CD6659EBC®Tag=&sourcepage=register
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.