by Ian Harvey
October 09, 2019
By exiting AZZ Inc (NYSE: AZZ) options call trade recommended before the market opened on Monday, 7th October, 2019, “Earnings Predictions” members were able to profit to the tune of 140%. As they say – “a bird in-the-hand is worth more than two in-the-bush” – or put another way – GREED can be the downfall of a great profit!
Note that we were able to enter the trade at $0.50 and sell at $1.20.
On Tuesday, 8th October, 2019, AZZ Inc. rescheduled their second quarter fiscal year 2020 financial results and conference call date, and the stock plummeted more than 14%, which meant that the option trade was basically worthless!
AZZ Inc stock fell -$6.09 from the previous closing price of $43.04 on volume of 533,618 shares. Over the past year the S&P 500 has risen 1.15% while AZZ has fallen -24.08%. AZZ earned $1.92 per share in the last 12 months, giving it a price-to-earnings ratio of 19.25.
So, exiting was definitely financially beneficial.
The Recommended Trade on AZZ Inc.…..
Electrical equipment maker AZZ Inc (NYSE: AZZ) will report
earning s before the market opens. The consensus earnings estimate is $0.53 per
share on revenue of $233.50 million.
Consensus estimates are for year-over-year earnings growth of 23.26%
with revenue increasing by 4.81%.
For the last reported quarter, it was expected that AZZ would post earnings of $0.71 per share when it actually produced earnings of $0.81, delivering a surprise of +14.08%.
Over the last four quarters, the company has beaten consensus EPS
estimates just once.
Short interest has decreased by 9.3% and overall earnings estimates have
been revised higher since the company's last earnings release.
Investment Research raised AZZ from a “hold” rating to a “buy” rating and set a
$48.00 target price on the stock in a report on Friday, September 27th.
investment analysts have rated the stock with a hold rating and two have given
a buy rating to the company’s stock.
The company presently has a consensus rating of “Buy” and a consensus target price of $50.67.
** OPTION TRADE TO CONSIDER: Buy the AZZ OCT 18 2019 45.000 CALL at approximately $0.65.
A NICE DAY'S WORK!
YOU NEED TO BE IN TO PROFIT!
Join us today and see what future trades will be recommended!
Where to now?
AZZ Inc. announced that they needed additional time to complete the review of its Form 10-Q for its fiscal year 2020 second quarter ended August 31, 2019. The Company will issue a press release announcing the specific date and time of the rescheduled fiscal year 2020 second quarter earnings call upon completion of this review.
Will Stock Options Made Easy recommend a new options
trade after the new date is released?
AS ALWAYS THE DECISION IS YOURS!
An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.
It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!