Earnings Volatility for the Dow 30

Earlier today we posted on the most volatile stocks on earnings reports out of the 2,700 stocks in the Bespoke Interactive Earnings Report Database.  Below we highlight the same information for the 30 stocks that make up the Dow Jones Industrial Average.  The list is sorted by the average one-day absolute percent change on earnings reports. 

As shown, Hewlett-Packard (HPQ) is the most volatile Dow stock following its earnings reports.  HPQ has averaged a change of +/-4.83% on the first trading day following the 24 earnings reports we have on file for the stock.  HPQ is followed by INTC, CAT, MSFT and AA.  VZ, CVX, JNJ, BAC and PG are the least volatile stocks on earnings.

We also include the average one-day change (not absolute) on earnings reports for the Dow 30.  This highlights whether the stock tends to trade higher or lower in reaction to earnings.  As shown, the five most volatile stocks typically average declines on earnings, with Intel averaging the biggest declines at -1.54%.  UTX averages the biggest gains on its report days at 1.04%.

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