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.
Gap (NYSE:GPS) reported its Q1 earnings results on Thursday, May 25, 2023 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Gap beat estimated earnings by 106.25%, reporting an EPS of $0.01 versus an estimate of $-0.16.
Revenue was down $201.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.29 which was followed by a 6.13% drop in the share price the next day.
Here's a look at Gap's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.46 | 0 | -0.05 | -0.13 |
| EPS Actual | -0.75 | 0.71 | 0.08 | -0.44 |
| Revenue Estimate | 4.36B | 3.80B | 3.82B | 3.46B |
| Revenue Actual | 4.24B | 4.04B | 3.86B | 3.48B |
To track all earnings releases for Gap 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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