The third quarter earnings reporting period begins next Tuesday when Alcoa (AA) kicks things off. But as shown in the chart below, things don’t really pick up until later this month. Next week just 30 companies will report earnings, while 797 companies will report in the last week of October. The first week of November is even busier with more than 1,000 companies set to report.
At the start of each earnings season, Bespoke always publishes its list of the “most volatile stocks on earnings.” This list is built using our Interactive Earnings Database which contains more than 120,000 quarterly earnings reports for more than 4,000 stocks going back to the turn of the millennium.
Below are the 40 stocks set to report earnings over the next two months that have historically experienced the biggest moves on their earnings reaction days. For stocks that report in the morning before the open, that trading day is its “earnings reaction day.” For stocks that report after the close, the next trading day is its “earnings reaction day.” To make the list, a stock must have at least 10 quarters of earnings reports and trade above $5/share.
As shown, Groupon (GRPN) is the single most volatile stock on earnings with an average one-day change of +/-17.76%. That means GRPN shareholders can typically expect a one-day reaction of nearly 20% when the company reports every three months! Buckle up when GRPN reports on November 1st. The second most volatile stock on earnings is Rubicon Project (RUBI) with an average move of +/-17.04%, followed by Retailmenot (SALE) at +/-16.17%, Silicon Graphics (SGI) at +/-16.07%, and ChannelAdvisor (ECOM) at +/-15.87%. Other notables on the list include Yelp (YELP), Twitter (TWTR), Tableau Software (DATA), Pandora (P), and First Solar (FSLR).
If you’re looking for action this season, be sure to follow these stocks! If you’re new to Bespoke or you’ve simply never looked into our research subscriptions, earnings season is a great time to try us out. Click here to start a 14-day no-obligation free trial.