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.
Credit Acceptance (NASDAQ:CACC) reported its Q2 earnings results on Monday, August 1, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Credit Acceptance beat estimated earnings by 7.99%, reporting an EPS of $13.92 versus an estimate of $12.89.
Revenue was down $14.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $1.39 which was followed by a 20.16% increase in the share price the next day.
Here's a look at Credit Acceptance's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 12.37 | 12.69 | 12.02 | 9.50 |
| EPS Actual | 13.76 | 14.26 | 13.84 | 13.71 |
| Revenue Estimate | 443.42M | 459.36M | 461.37M | 454.30M |
| Revenue Actual | 455.70M | 463.20M | 470.10M | 471.70M |
To track all earnings releases for Credit Acceptance visit their earnings calendar here.
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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