Roughly 200 companies have reported Q4 earnings results since the current reporting period began earlier this month.  So how have stock prices been reacting to earnings reports so far this season?  Very well.

The average stock that has reported Q4 numbers has gained 1.2% on its earnings reaction day.  (The earnings reaction day is the first trading day following a company’s quarterly report.  For companies that report before the open, its earnings reaction day is that trading day.  For companies that report after the close, its earnings reaction day is the next trading day.)  That’s an impressive reading suggesting investors came into the reporting period too bearish.

Below is a list of the 40 best performing stocks on earnings so far this season.  Of the 40 stocks listed, 15 gained more than 10% on their earnings reaction days, with semiconductor company Xilinx (XLNX) on top at +18.44%.  On January 23rd, XLNX reported an earnings triple play after the close by beating EPS estimates, beating revenue estimates, and raising guidance.  Shareholders were rewarded with a one-day gain of nearly 20%.

Bank OZK (OZK) ranks second on the list with a one-day gain of 16.16% following its report on January 17th.  Lam Research (LRCX) ranks 3rd at +15.7%, followed by K12 (LRN) and OSI Systems (OSIS).  Other notables on the list of big winners this earnings season include Goldman Sachs (GS) with a gain of more than 9%, IBM with a gain of 8.5%, and Bank of America (BAC) with a gain of more than 7%.  GS, IBM, and BAC are three blue-chip financials that had been beaten down in the months leading up to their recent reports, and they’re great examples of the newfound strength that many previously struggling financials have shown in recent weeks.

For more in-depth earnings season analysis, start a two-week free trial to Bespoke Institutional.  We’ve got an amazing Earnings Explorer tool that you’ll love.

Print Friendly, PDF & Email