Stock Performance on Earnings Reports by Sector

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 |  Includes: IVV, IYZ, SPY, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
by: Bespoke Investment Group

The average stock that has reported earnings this season has gone down 0.48% on the day of its report. (For companies reporting in the morning, we use that day's change. For companies reporting in the evening, we use the next day's change.) The average stock that has beaten earnings estimates has gone up just 0.57%, while the average stock that has missed has declined 3.70%. Below we highlight the average 1-day percent change of companies beating and missing earnings estimates by sector. As shown, the stocks missing are going down much more than the stocks beating are going up.

The average Consumer Discretionary stock has risen 2.14% on its report day, which is the best of any sector. Industrials and Utilities stocks that are beating are both averaging declines on the day! Stocks missing in the Energy and Materials sectors are getting hit the hardest, while stocks in Financials, Health Care, and Utilities that miss are holding up the best.

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