Coming into today, IBM had gapped down at the open of trading following its last 11 quarterly earnings reports! That's an epic losing streak for a blue-chip company. You can see the streak by expanding the snapshot from our Interactive Earnings Report Database (available at the Bespoke Institutional (subscription required) level) below.
After noticing IBM's (NYSE:IBM) earnings losing streak, we screened the universe of S&P 1500 stocks set to report EPS between now and the end of August to see if any other names are on similar streaks. Below is a list of the stocks that have opened lower in price following at least their last 6 quarterly reports. One other stock in the S&P 1500 has gapped down 11 quarters in a row - Arctic Cat (NASDAQ:ACAT). Qualcomm (NASDAQ:QCOM) has gapped down following its last 9 quarterly reports, while Black Box (NASDAQ:BBOX) has gapped down 8 quarters in a row. Bristow Group (NYSE:BRS), Brinker International (NYSE:EAT) and Daktronics (NASDAQ:DAKT) have all opened lower following their last 7 quarterly reports.