Today is one of the busiest days this earnings season with 258 total reports, and the triple plays have continued to come in at a healthy clip. Since yesterday’s close, there were another 15 companies that reported triple plays. Of these stocks, most have been Health Care (6), Real Estate (4), and Technology (3). Some of today’s notables include S&P 500 members AmerisourceBergen (ABC), CB Richard Ellis (CBRE), CIGNA (CI), and S&P Global (SPGI).
Of the four S&P 500 triple plays, only CI is trading lower today. CI is not alone in a negative reaction to its triple-play though. As the market is tumbling for the second day in a row, a third of the triple plays from the past day are witnessing declines. That is a bit unusual considering of the 50 triple plays so far this earnings season, the average earnings day reaction has been a gain of 7.5%.
YETI (YETI) has taken it on the chin the worst today. This was the company’s third triple play in its four quarters of earnings history. At the day’s lows, YETI was down over 14% before paring some of these losses. The stock is still the worst performer of today’s triple plays. Tipping between gains and losses today, STORE Capital (STOR) could potentially end an 8 consecutive quarter run of positive earnings reaction days if it finishes today in the red. On the other hand, EVERTEC (EVTC), ACADIA Pharma (ACAD), Casa Systems (CASA), and Cirrus (CRUS) are all up double digits. For CASA, this is only the second time that it has even seen a positive reaction to earnings. Before this report, the stock averaged a 11.06% decline following its quarterly reports. Start a two-week free trial to Bespoke Institutional to access our Earnings Explorer and much more.