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Monday
Sep102012

Post "Earnings Season" Winners and Losers

The unofficial end to earnings season came on August 16th when Wal-Mart (WMT) reported its quarterly numbers.  But plenty of companies report earnings outside of the typical "earnings season," and 188 have done so since August 16th.

During the earnings season that just ended, just under 60% of companies that reported beat earnings estimates.  This beat rate hasn't changed much at all since earnings season ended.  Of the 188 companies that have reported this off-season, 59% have beaten estimates.  

But while the beat rate has remained the same, stocks that have reported have performed quite a bit worse.  During the last earnings season, the average stock that reported gained more than half a percent on its report day.  This off-season, the average stock that has reported has declined 0.16% on its report day.

Below we highlight the stocks that have done the best and worst on their report days since "earnings season" ended in mid-August.  On the upside, ANN has done the best with a one-day gain of 20.43%, followed by Hain Celestial (HAIN), Men's Wearhouse (MW) and Urban Outfitters (URBN).  Other notables on the list of winners include Pandora (P), lululemon (LULU) and Smith & Wesson (SWHC).

On the downside, Guess? (GES) has done the worst with a decline of more than 22% on its report day.  Some notable losers include Autodesk (ADSK), Aeropostale (AEO), Express (EXPR) and Hewlett-Packard (HPQ).

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