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.
PENN Entertainment (NASDAQ:PENN) reported its Q3 earnings results on Thursday, November 3, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
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Earnings
PENN Entertainment beat estimated earnings by 89.47%, reporting an EPS of $0.72 versus an estimate of $0.38.
Revenue was up $113.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.41 which was followed by a 2.82% drop in the share price the next day.
Here's a look at PENN Entertainment's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.56 | 0.43 | 0.53 | 0.89 |
| EPS Actual | 0.15 | 0.29 | 0.26 | 0.52 |
| Revenue Estimate | 1.61B | 1.53B | 1.51B | 1.51B |
| Revenue Actual | 1.63B | 1.56B | 1.57B | 1.51B |
To track all earnings releases for PENN Entertainment 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.