Recap: Avnet Q3 Earnings


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.


Shares of Avnet (NASDAQ:AVT) decreased in after-market trading after the company reported Q3 results.

Quarterly Results

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Earnings per share increased 94.74% year over year to $0.74, which beat the estimate of $0.56.

Revenue of $4,917,000,000 higher by 14.08% from the same period last year, which beat the estimate of $4,590,000,000.

Looking Ahead

Q4 EPS expected between $0.71 and $0.77.

Q4 revenue expected between $4,700,000,000 and $5,100,000,000.

Details Of The Call


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Date: Apr 28, 2021

Time: 04:30 PM

ET Webcast URL: https://www.veracast.com/webcasts/avt/earnings/Tt48iO.cfm

Technicals

52-week high: $44.92

52-week low: $24.30

Price action over last quarter: Up 21.72%

Company Overview

Avnet is a leading value-added distributor of electronic components. The company's customer base is composed of original equipment manufacturers, or OEMs, electronic manufacturing services, or EMS, providers and original design manufacturers, or ODMs. The firm operates in two groups--electronic components and Farnell, the latter of which was acquired by Avnet in October 2016.


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.


Posted In: EarningsBZI-Recaps