Less than 500 companies have released earnings since the reporting period began in early October, but there have already been some huge winners and losers this earnings season. We track every single earnings release here at Bespoke, and we have a database of reports for all U.S. stocks going back to 2001 that Bespoke Institutional subscribers have access to. Along with keeping track of EPS and revenue beat rates, we also track stock price reactions. A stock’s “earnings reaction day” is the first trading day after its quarterly report, so for stocks that report after the close, its earnings reaction day is the next trading day. (For companies that report before the open, its earnings reaction day is that trading day.) We monitor price movements on “earnings reaction days” very closely. Below is a list of the stocks that have reported earnings so far this season that have seen the biggest gains on their earnings reaction days. As shown, six stocks have gained more than 20% — NTGR, ATHN, IG, GIMO, TBI and QLGC. Other notables on the list of winners include key Tech names like eBay, Texas Instruments (TXN), Microsoft (MSFT) and Google (GOOGL).
We can’t highlight the winners without highlighting the losers, even though shareholders of the stocks below would probably prefer to not be reminded. While six stocks have posted gains of 20%+ on their earnings reaction days this season, twelve have posted losses of 20%+, and four have fallen more than 30%. Pandora (P) has been the biggest loser at -35.5%, followed closely by Skechers (SKX) at -34.29%. Apollo Education (APOL) and Envision Healthcare (EVHC) are the two other stocks that have fallen 30%+. A few other notables on the list of losers include VMware (VMW), V.F. Corp (VFC), Harley-Davidson (HOG), Arctic Cat (ACAT) and Polaris (PII).