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.
BCE (NYSE:BCE) reported its Q3 earnings results on Thursday, November 3, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
BCE beat estimated earnings by 8.06%, reporting an EPS of $0.67 versus an estimate of $0.62.
Revenue was down $17.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 1.04% drop in the share price the next day.
Here's a look at BCE's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 0.65 | 0.62 | 0.57 | 0.66 |
EPS Actual | 0.68 | 0.70 | 0.60 | 0.65 |
Revenue Estimate | 4.58B | 4.54B | 4.88B | 4.80B |
Revenue Actual | 5.86B | 4.62B | 4.92B | 4.63B |
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).
Guidance
BCE management provided guidance for FY 2022, expecting earnings between $2.5 and $2.62 per share.
To track all earnings releases for BCE 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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