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.
Universal Technical (NYSE:UTI) reported its Q2 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Universal Technical beat estimated earnings by 700.0%, reporting an EPS of $0.18 versus an estimate of $-0.03.
Revenue was up $61.73 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 2.28% increase in the share price the next day.
Here's a look at Universal Technical's past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.16 | 0.03 | -0.16 | 0.02 |
| EPS Actual | 0.15 | 0.23 | 0.17 | 0.19 |
| Revenue Estimate | 118.05M | 111.47M | 96.13M | 95.97M |
| Revenue Actual | 120.00M | 110.64M | 101.00M | 102.09M |
To track all earnings releases for Universal Technical 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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