In an earlier post, we highlighted the volatility of Netflix (NFLX) who is set to report first-quarter earnings tonight. As for where NFLX’s volatility stacks up to other comparable stocks reporting over the next month, in the table below we show the most volatile stocks of those with at least 5 years worth of data in our earnings database that have also beaten EPS and sales estimates 75% of the time in Q1 like NFLX has. In other words, it is a list of stocks that, like NFLX typically see volatile responses to earnings in spite of solid results. NFLX and its 10.78% average move ranks as the tenth most volatile name on the list. The company is also by far the largest of these with its market cap being more than five times larger than the next closest: Chipotle Mexican Grill (CMG) and Align Tech (ALGN).
There are also four names, SolarEdge (SEDG), Fluidigm (FLDM), Enova (ENVA), and Blucora (BCOR) that are more volatile than NFLX by more than five percentage points. Of these, only FLDM has more often than not, like NFLX, seen negative stock price reactions to Q1 earnings. While less volatile, Vocera (VCRA) and GrubHub (GRUB) have also dropped more often than they have risen on Q1 earnings days. On the other hand, SEDG, ENVA, Air Transport Services (ASTG), and Zillow (ZG) have frequently traded higher with some of the largest average gains on this list. Click here to view Bespoke’s premium membership options for our best research available.