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.
AMC Networks Inc (NASDAQ: AMCX) reports its first quarter earnings Monday, before the opening bell.
According to Estimize, Wall Street is expecting earnings of $1.55 per share on revenue of $648.54 million. The crowdsourcing site does not have enough estimates to determine a crowd average EPS and revenue figure.
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Two users who have submitted estimates, though, expect EPS of $1.31 and $1.45, along with revenue of $641.28 million and $649.00 million.
Estimates Over Time
As Estimize also reveals, Wall Street consensus estimates have been rising since the beginning of the year. In January 2015, the figure averaged $1.39 -- now it's nearly 12 percent higher.
Ratings
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Several Street firms have issued ratings on the stock in the quarter as well.
CLSA initiated coverage on AMC last week at Outperform and a $87.00 price target; Piper Jaffray initiated at Overweight and a $90.00 target two weeks before that.
Less bullish, Evercore Partners, Macquarie and MoffettNathanson have all downgraded the stock in the past year.
Of note, Piper's recent analysis of AMC is worth taking a look at.
The research firm called the stock "one of the best content plays in the media space...in spite of," it added, "challenges faced by the pay TV ecosystem.”
AMC's dramas, which have seen ratings skyrocket since 2012, are a major reason for Piper's bullishness. That indicates “a rapid shift towards full ownership of...content,” and could be a "powerful catalyst" for the stock, analysts noted.
Going forward, this catalyst is expected to boost advertising revenue, and thus, shareholders.
AMC Networks closed Friday at $76.30. The stock is up 19.6 percent year-to-date.
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.