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.
Wipro (NYSE:WIT) announces its next round of earnings this Thursday, April 15. Here is Benzinga's look at Wipro's Q4 earnings report.
Net Income, Earnings, 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
Analysts covering Wipro modeled for quarterly EPS of $0.07 on revenue of $2.17 billion. Wipro reported a per-share profit of $0.05 when it published results during the same quarter last year. Sales in that period totaled $2.08 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
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Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to match the consensus estimate, earnings would be up 40.0%. Revenue would be have grown 4.13% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
| Quarter | Q3 2021 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.06 | 0.06 | 0.05 | 0.06 |
| EPS Actual | 0.07 | 0.06 | 0.06 | 0.05 |
| Revenue Estimate | 2.13 B | 2.05 B | 1.86 B | 2.15 B |
| Revenue Actual | 2.15 B | 2.06 B | 1.97 B | 2.08 B |
Stock Performance
Over the last 52-week period, shares are up 104.9%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. Wipro is scheduled to hold the call at 09:45:00 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.