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.
Funko (NASDAQ:FNKO) announces its next round of earnings this Thursday, March 11. Here is Benzinga's everything-that-matters guide for this Thursday's Q4 earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
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Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Wall Street analysts see Funko reporting earnings of $0.14 per share on revenue of $195.67 million. Funko reported a per-share profit of $0.18 when it published results during the same quarter last year. Sales in that period totaled $213.55 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 22.22% decrease in the company's earnings. Sales would be down 8.37% from the year-ago period. Here is how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.10 | -0.37 | -0.07 | 0.16 |
| EPS Actual | 0.31 | -0.20 | -0.04 | 0.18 |
| Revenue Estimate | 169.33 M | 76.71 M | 138.61 M | 213.75 M |
| Revenue Actual | 191.23 M | 98.10 M | 136.70 M | 213.55 M |
Stock Performance
Shares of Funko were trading at $13.84 as of March 09. Over the last 52-week period, shares are up 214.22%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Funko is scheduled to hold the call at 16:30:00 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.