Coming into today, IBM had gapped down at the open of trading following its last 11 quarterly earnings reports! That’s an epic losing streak for a blue-chip company. You can see the streak by expanding the snapshot from our Interactive Earnings Report Database (available at the Bespoke Institutional level) below.
After noticing IBM’s earnings losing streak, we screened the universe of S&P 1500 stocks set to report EPS between now and the end of August to see if any other names are on similar streaks. Below is a list of the stocks that have opened lower in price following at least their last 6 quarterly reports. One other stock in the S&P 1500 has gapped down 11 quarters in a row — Arctic Cat (ACAT). Qualcomm (QCOM) has gapped down following its last 9 quarterly reports, while Black Box (BBOX) has gapped down 8 quarters in a row. Bristow Group (BRS), Brinker International (EAT) and Daktronics (DAKT) have all opened lower following their last 7 quarterly reports.