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.
Amphastar Pharma (NASDAQ:AMPH) is set to give its latest quarterly earnings report on Tuesday, 2023-05-09. Here's what investors need to know before the announcement.
Analysts estimate that Amphastar Pharma will report an earnings per share (EPS) of $0.48.
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Amphastar Pharma 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 beat EPS by $0.32, which was followed by a 14.75% increase in the share price the next day.
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Here's a look at Amphastar Pharma's past performance and the resulting price change:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.41 | 0.39 | 0.36 | 0.36 |
| EPS Actual | 0.73 | 0.38 | 0.39 | 0.47 |
| Price Change % | 14.75% | -9.37% | -15.07% | 7.05% |
Stock Performance
Shares of Amphastar Pharma were trading at $36.49 as of May 05. Over the last 52-week period, shares are up 6.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Amphastar Pharma 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.