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.
On Thursday, November 19, Helmerich & Payne (NYSE: HP) will release its latest earnings report. Benzinga's outlook for Helmerich & Payne is included in the following report.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street expects an EPS loss of $0.8 and sales around $201.98 million. Helmerich & Payne EPS in the same period a year ago totaled $0.38. Sales were $649.05 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 310.53% decline in the company's EPS figure. Revenue would be down 68.88% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.68 | 0.02 | 0.08 | 0.23 |
| EPS Actual | -0.34 | -0.01 | 0.13 | 0.38 |
| Revenue Estimate | 315.42 M | 557.47 M | 603.26 M | 647.28 M |
| Revenue Actual | 317.36 M | 633.64 M | 614.66 M | 649.05 M |
Stock Performance
Over the past 52-week period, shares of Helmerich & Payne have declined 49.94%.
Do not be surprised to see the stock move on comments made during its conference call. Helmerich & Payne is scheduled to hold the call at 11:00:00 ET and can be accessed here.
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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