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.
Electronic Arts Inc. (NASDAQ: EA) reported weaker Q1 results, although the EPS beat the consensus and the non-GAAP revenue came in ahead of the guidance. Argus’ Joseph Bonner maintained a Hold rating on the company.
Q1 Results
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Bonner mentioned that the company “posted weaker fiscal 1Q17 results as it prepared new releases for the fall and holiday season.”
Electronic Arts reported GAAP EPS of $0.07, down from $0.15 a year ago, although ahead of the consensus and guidance.
GAAP revenue grew 6 percent year-over-year to $1.27 billion, while non-GAAP revenue fell 2 percent to $682 million. However, the non-GAAP revenue beat the guidance.
The revenue for the quarter was primary driven by the Ultimate team business and the mobile game “Star Wars: Galaxy of Heroes.”
Looking Ahead
“Meanwhile, the ramp-up of the console refresh cycle should provide a tailwind for EA, as well as for other industry leaders,” Bonner stated.
In addition, the analyst believes currency headwinds are moderating.
“The company has the usual strong line-up of upcoming titles, mostly refreshes of long-running franchises, and continues to focus on the expanding digital/mobile game delivery universe,” Bonner added.
The FY17 non-GAAP EPS has been raised from $3.61 to $3.65.
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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.