Around earnings.
Over the two days around a report, US stocks moved a median −1.1% against the S&P 500 when revenue growth slowed and +0.6% when it sped up.
- Beat the S&P when growth slowed43%
- Beat the S&P when growth held steady50%
- Beat the S&P when growth sped up54%
Based on 89,513 cases.
Method
How this is measured
Quarterly reports since 2010 from US companies, from the last close before the release to the second close after it, against the S&P 500. "Slowed" and "sped up" compare the quarter's year-on-year revenue growth with the quarter before; they are not analyst estimates. Many fourth-quarter reports are left out, because that quarter's revenue is filed only as part of the year. Measured on Steady's price history, which holds only companies still trading, so companies that later failed are missing and the picture is kinder than it was. A pattern across many companies says little about any one company.
Steady publishes these figures for information only. Nothing here is investment advice.