27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Avid Technology (NASDAQ:AVID) reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Avid Technology beat estimated earnings by 9.52%, reporting an EPS of $0.46 versus an estimate of $0.42.
Revenue was up $14.76 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 18.28% increase in the share price the next day.
Here's a look at Avid Technology's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.25 | 0.23 | 0.21 | 0.32 |
| EPS Actual | 0.27 | 0.25 | 0.28 | 0.33 |
| Revenue Estimate | 96.69M | 91.54M | 90.59M | 104.99M |
| Revenue Actual | 101.64M | 94.88M | 94.36M | 104.30M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Avid Technology management provided guidance for their next quarter, expecting earnings between $0.3 and $0.38 per share for the next quarter.
This represents a -26.09% in quarter-over-quarter growth for Avid Technology, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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