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.
NIO (NYSE:NIO) is set to give its latest quarterly earnings report on Tuesday, 2023-08-29. Here's what investors need to know before the announcement.
Analysts estimate that NIO will report an earnings per share (EPS) of $-0.36.
NIO 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).
Here's a look at NIO's past performance and the resulting price change:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.16 | -0.17 | ||
| EPS Actual | -0.36 | -0.44 | -0.30 | -0.20 |
| Price Change % | -0.77% | 2.94% | 11.8% | 1.14% |
Stock Performance
Shares of NIO were trading at $10.83 as of August 25. Over the last 52-week period, shares are down 45.41%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for NIO visit their earnings calendar on our site.
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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