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.
Advanced Drainage Systems (NYSE:WMS) is set to give its latest quarterly earnings report on Thursday, 2022-05-19. Here's what investors need to know before the announcement.
Analysts estimate that Advanced Drainage Systems will report an earnings per share (EPS) of $0.66.
Advanced Drainage Systems bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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).
Past Earnings Performance
Last quarter the company missed EPS by $0.05, which was followed by a 1.52% increase in the share price the next day.
Here's a look at Advanced Drainage Systems's past performance and the resulting price change:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.91 | 1.13 | 1.26 | 0.32 |
| EPS Actual | 0.86 | 0.88 | 0.87 | 0.23 |
| Price Change % | 1.52% | 2.6% | 0.27% | 4.42% |
Stock Performance
Shares of Advanced Drainage Systems were trading at $104.5 as of May 17. Over the last 52-week period, shares are down 4.39%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
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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