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 Tuesday, August 03, Atkore International Gr (NYSE:ATKR) will release its latest earnings report. Here is Benzinga's outlook for the company.
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
Wall Street expects EPS of $3.07 and sales around $722.78 million. In the same quarter last year, Atkore International Gr posted EPS of $0.67 on sales of $384.90 million.
Why Analyst Estimates And Earnings Surprises Are Important
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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.
If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 358.21%. Sales would be up 87.78% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.83 | 1.20 | 0.68 | 0.48 |
| EPS Actual | 2.79 | 1.88 | 1.18 | 0.67 |
| Revenue Estimate | 556.80 M | 456.79 M | 430.03 M | 364.64 M |
| Revenue Actual | 639.54 M | 511.08 M | 477.42 M | 384.90 M |
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Stock Performance
Shares of Atkore International Gr were trading at $75.11 as of July 30. Over the last 52-week period, shares are up 166.99%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Atkore International Gr is scheduled to hold the call at 08:00:00 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.