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.
Wix.com (NASDAQ:WIX) announces its next round of earnings this Wednesday, August 11. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.
Net Income, Earnings, And Earnings Per Share
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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
Wix.com's per-share loss will be near $-0.37 on sales of $311.66 million, according to Wall Street analysts. Wix.com reported a per-share loss of $0.26 when it published results during the same quarter last year. Sales in that period totaled $236.06 million.
Why Analyst Estimates And Earnings Surprises Are Important
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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.
The analyst consensus estimate would represent a 42.31% decrease in the company's earnings. Revenue would be up 32.03% on a year-over-year basis. Here is how the Wix.com's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.64 | -0.11 | -0.15 | 0.24 |
| EPS Actual | -0.54 | -0.03 | -0.14 | -0.26 |
| Revenue Estimate | 295.05 M | 270.22 M | 249.91 M | 233.03 M |
| Revenue Actual | 304.11 M | 282.53 M | 254.18 M | 236.06 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Wix.com were trading at $269.91 as of August 09. Over the last 52-week period, shares are down 2.28%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Wix.com is scheduled to hold the call at 08:30:00 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.