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The Best Options Trade for Gilead Sciences (GILD) Earnings

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On Tuesday, November 1st, Gilead Sciences (GILD - Free Report) will release its third quarter earnings results after the bell. The company is a Zacks Rank 5 (Strong Sell), and have a Value, Growth, and Momentum score of B.

Dave will look at Gilead Sciences’ past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Gilead Sciences ahead of earnings.

Gilead Sciences in Focus

Gilead Sciences, Inc. is an independent biopharmaceutical company that seeks to provide accelerated solutions for patients and the people who care for them. They have a broad-based focus on developing and marketing drugs to treat patients with infectious diseases, including viral infections, fungal infections and bacterial infections, and a specialized focus on cancer. They have expertise in liposomal drug delivery technology, a technology that the company uses to develop drugs that are safer, easier for patients to tolerate and more effective.

Gilead Sciences is expected to report earnings at $2.74 a share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 0.33% at $3.03 per share, beating estimates of $3.02 a share.

GILEAD SCIENCES Price, Consensus and EPS Surprise

GILEAD SCIENCES Price, Consensus and EPS Surprise | GILEAD SCIENCES Quote

Gilead Sciences is trading around $73 a share, and their 52-week high is $110.77 per share. Their average EPS surprise is 1.66%.

Bottom Line

How should investors play Gilead Sciences ahead of their earnings report? For insights on the best options trades, then make sure you tune in on our YouTube channel at 1pm to see his thoughts!

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