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.
DCP Midstream (NYSE:DCP) reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
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Earnings
DCP Midstream beat estimated earnings by 62.39%, reporting an EPS of $1.77 versus an estimate of $1.09.
Revenue was up $2.18 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.67 which was followed by a 4.17% drop in the share price the next day.
Here's a look at DCP Midstream's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.99 | 0.79 | 0.66 | 0.54 |
| EPS Actual | 0.32 | 1.44 | 0.18 | -0.22 |
| Revenue Estimate | 3.30B | 4.45B | 3.59B | 2.46B |
| Revenue Actual | 3.38B | 3.48B | 2.83B | 2.08B |
To track all earnings releases for DCP Midstream 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.