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.
California Resources (NYSE:CRC) reported its Q1 earnings results on Thursday, May 5, 2022 at 08:00 AM.
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Here's what investors need to know about the announcement.
Earnings
California Resources missed estimated earnings by 10.32%, reporting an EPS of $1.13 versus an estimate of $1.26.
Revenue was down $210.00 million from the same period last year.
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Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 5.24% increase in the share price the next day.
Here's a look at California Resources's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.13 | 0.70 | ||
| EPS Actual | 2.13 | 1.83 | 0.94 | 1.22 |
| Revenue Estimate | 543.94M | 483.60M | 285.10M | 285.10M |
| Revenue Actual | 634.00M | 588.00M | 304.00M | 363.00M |
To track all earnings releases for California Resources visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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.