The average stock that has reported earnings so far this season is up 0.45% on its report day. As we update each quarter, below is a list of the best and worst performing stocks on earnings since the season began back on October 8.
As shown below, Align Tech (ALGN) has had the best one-day response to earnings with a gain of 23.58%. AthenaHealth (ATHN) ranks second with a one-day gain of 21.35%, followed by MGIC (MTG), Chipotle Mexican Grill (CMG) and Google (GOOG). NetScout Systems (NTCT) and iGate (IGTE) are the only other stocks to gain more than 10% on their report days this season.
Not all stocks have been winners this season, however. Below is a list of the worst performing stocks on their report days since October 8. Acacia Research (ACTG) and Select Comfort (SCSS) have been the biggest losers with one-day declines of more than 21%. Ruby Tuesday (RT) ranks third worst with a decline of 17.09%, followed by Stanley Black & Decker (SWK) and Travelzoo (TZOO). A few other notables on the list of earnings losers include IBM, Intuitive Surgical (ISRG) and eBay (EBAY).