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.
Elastic (NYSE:ESTC) reported its Q4 earnings results on Thursday, June 1, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Elastic beat estimated earnings by 120.0%, reporting an EPS of $0.22 versus an estimate of $0.1.
Revenue was up $40.59 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 9.45% increase in the share price the next day.
Here's a look at Elastic's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.05 | -0.1 | -0.17 | -0.22 |
| EPS Actual | 0.17 | 0 | -0.15 | -0.16 |
| Revenue Estimate | 272.95M | 261.39M | 246.07M | 231.90M |
| Revenue Actual | 274.57M | 264.40M | 250.08M | 239.35M |
To track all earnings releases for Elastic visit their earnings calendar here.
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.
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