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.
MRC Global (NYSE:MRC) reported its Q3 earnings results on Monday, November 8, 2021 at 04:15 PM.
Here's what investors need to know about the announcement.
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Earnings
MRC Global their estimated earnings by 50.0%, reporting an EPS of $0.09 versus an estimate of $0.06, which surprised analysts.
Revenue was up $100,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 5.46% drop in the share price the next day.
Here's a look at MRC Global's past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.04 | -0.08 | -0.10 | -0.16 |
| EPS Actual | 0.08 | -0.07 | -0.05 | -0.10 |
| Revenue Estimate | 659.20M | 565.67M | 548.42M | 567.60M |
| Revenue Actual | 686.00M | 609.00M | 579.00M | 585.00M |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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.