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.
Kura Sushi USA (NASDAQ:KRUS) is set to give its latest quarterly earnings report on Tuesday, 2023-04-04. Here's what investors need to know before the announcement.
Analysts estimate that Kura Sushi USA will report an earnings per share (EPS) of $-0.22.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Kura Sushi USA 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).
Historical Earnings Performance
Last quarter the company missed EPS by $0.03, which was followed by a 17.59% drop in the share price the next day.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Here's a look at Kura Sushi USA's past performance and the resulting price change:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.18 | 0.06 | -0.10 | -0.21 |
| EPS Actual | -0.21 | 0.21 | 0.05 | -0.19 |
| Price Change % | -17.59% | -8.06% | 33.62% | -12.0% |
Stock Performance
Shares of Kura Sushi USA were trading at $65.84 as of March 31. Over the last 52-week period, shares are up 16.18%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Kura Sushi USA visit their earnings calendar on our site.
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.