While the general consensus seems to be that this has been a bad earnings season, the average stock that has reported has actually gained 0.27% on the day of its report.
Below we highlight the big winners and losers so far this earnings season. As shown, K-Swiss (KSWS) has been the big winner with a huge gain of 35.53% on its report day. Big 5 Sports (BGFV) is not far behind in 2nd with a one-day gain of 34.76%. Some other notables on the list of winners include TASER (TASR), Generac (GNRC), Facebook (FB), TripAdvisor (TRIP) and Expedia (EXPE).
Active Network (ACTV) has been the biggest loser so far this earnings season with a one-day decline of 41.66%. Abiomed (ABMD) ranks 2nd worst at -31.33%, followed by Constant Contact (CTCT) and Western Union (WU). New York Times (NYT), Crocs (CROX), Tempur-Pedic (TPX) and iRobot (IRBT) are a few other notable losers. Consumer Discretionary and Technology stocks make up the bulk of the losers list, which is usually the case every earnings season.