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.
Customers Bancorp (NYSE:CUBI) is set to give its latest quarterly earnings report on Wednesday, 2023-01-25. Here's what investors need to know before the announcement.
Analysts estimate that Customers Bancorp will report an earnings per share (EPS) of $1.59.
Customers Bancorp bulls will hope to hear the company 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 beat EPS by $0.57, which was followed by a 2.1% drop in the share price the next day.
Here's a look at Customers Bancorp's past performance and the resulting price change:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.91 | 1.76 | 1.62 | 2.85 |
| EPS Actual | 2.48 | 1.77 | 2.19 | 2.92 |
| Price Change % | -2.1% | -6.46% | 5.94% | -4.6% |
Stock Performance
Shares of Customers Bancorp were trading at $32.33 as of January 23. Over the last 52-week period, shares are down 46.52%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Customers Bancorp visit their earnings calendar on our site.
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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