Stocks On Streaks Headed Into Earnings Season

As earnings season kicks off in earnest this week, using data from our Earnings Explorer tool, we set out to find the stocks that are on the biggest earnings winning and losing streaks when it comes to share price performance.

There are 21 stocks reporting between now and the end of earnings season that have seen gains on their earnings reaction days for the last six consecutive quarters or more. (For a stock that reports after the close, its earnings reaction day is the next trading day. For a stock that reports before the open, its earnings reaction day is that trading day.)Five of the 21 stocks have gained on each of their last nine earnings reports! One of these is SiteOne Landscape (SITE). Below is a snapshot of SITE’s earnings reports going back to early 2019 pulled from our Earnings Explorer. Heading into its last report on August 4th, SITE had gained on each of its last 8 earnings reaction days, and it went on to gain another 7.65% that day as well!

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Below is a table listing the 21 stocks that are currently on earnings-winning streaks of six quarters or more. Along with SITE, the other stocks that have seen gains on their last nine earnings reaction days include Lindsay Corp (LNN), ExlService (EXLS), LKQ, and Cheniere Energy (LNG). For owners of these stocks, quarterly earnings have been a breeze over the last 2+ years.

On the downside, there are 16 stocks that have fallen on their earnings reaction days for seven or more straight quarters. These are stocks that just can’t catch a break lately when it comes to earnings. As shown, Hawaiian Holdings (HA), Verisk Analytics (VRSK), and BrightView Holdings (BVBV) have fallen on each of their last 11 quarterly earnings reaction days!

One of the absolute worst-performing stocks in response to earnings has been The RealReal (REAL). The luxury consignment website went public back in June 2019, and so far the stock has yet to see a price gain on any of its nine earnings reaction days! Talk about a painful streak for shareholders. Below is a snapshot of REAL’s historical earnings reports pulled from our Earnings Explorer. As shown, not only has REAL fallen on each of its nine earnings reaction days since going public, but it has also fallen more than 10% on each of its last four earnings reports.  

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