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.
ITT (NYSE: ITT) releases its next round of earnings this Friday, July 29, 2011. Here's Benzinga's advanced look at ITT's second quarter earnings report.
Earnings and Revenue:
Wall Street expects a EPS of $1.17 per share and revenues of $2.83 billion. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of $1.14 per share on revenues of $2.74 billion. We'll know on Friday whether ITT has managed the estimated 2.6% increase in EPS and 3.3% rise in revenues on a year-over-year basis.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 | Q4 | Q3 | Q2 |
| EPS Estimate | $0.93 | $1.26 | $0.99 | $1.07 |
| EPS Actual | $0.98 | $1.36 | $1.08 | $1.14 |
Stock Performance:
At last check, shares of ITT were trading at $56.74. Shares are up 9.8% year to date. For a full 12 months, the return has risen by 21.2%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for ITT is a Hold. The strength of this rating has declined slightly over the past three months.
Competitors:
Want to check out the performance of ITT closest competitors? Take a look at some of the company's peers in the industrials sector.
- Boeing Company (NYSE: BA): Moderate Buy with a $0.79 recent quarter EPS
- FLIR Systems (NASDAQ: FLIR): Hold with a $0.35 recent quarter EPS
- General Dynamics (NYSE: GD): Moderate Buy with a $1.64 recent quarter EPS
- Goodrich (NYSE: GR): Moderate Buy with a $1.51 recent quarter EPS
The diversified operations company's industry has seen price/earnings growth of 1.2% during the current fiscal year.
Finally, a description of the company's main areas of operation: ITT is a global multi-industry company that designs and manufactures engineered products and related services.
Take Action:
Now that you've gotten an advanced peak at ITT's upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.
- To see up-to-date news on ITT, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
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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