MSCI chart · All upcoming earnings
| Move | Mean | Median | Std dev | Hit rate |
|---|---|---|---|---|
| Day 1 | -0.1% | +0.3% | 6.3% | 53% |
| Day 2 | +0.3% | +0.1% | 2.6% | 50% |
| Day 3 | +1.0% | +0.9% | 2.4% | 70% |
| 5-day | +1.9% | +2.5% | 6.9% | 60% |
Day 1 = the close-to-close move on the first session to trade the news — hover for the EPS surprise.
| Report | Est | Actual | Surprise | Gap | 1-day | +5d | +1mo |
|---|---|---|---|---|---|---|---|
| 2026-07-21 miss | 4.98 | 4.94 | -0.8% | -10.3% | -10.1% | +3.1% | +0.6% |
| 2026-04-21 beat | 4.46 | 4.55 | +2.1% | +1.0% | +5.4% | -0.4% | -2.6% |
| 2026-01-28 beat | 4.59 | 4.66 | +1.6% | -0.6% | +5.7% | -7.1% | -7.0% |
| 2025-10-28 beat | 4.37 | 4.47 | +2.3% | +1.3% | +8.6% | -3.2% | -5.2% |
| 2025-07-22 beat | 4.15 | 4.17 | +0.6% | -2.2% | -8.9% | +5.8% | +9.1% |
| 2025-04-22 beat | 3.90 | 4.00 | +2.5% | -2.2% | +0.9% | +0.4% | +4.0% |
| 2025-01-29 beat | 3.95 | 4.18 | +5.8% | -5.2% | -5.6% | -1.8% | -0.4% |
| 2024-10-29 beat | 3.77 | 3.86 | +2.3% | +2.4% | -2.7% | +1.6% | +4.5% |
| 2024-07-23 beat | 3.55 | 3.64 | +2.6% | +8.7% | +7.9% | +0.0% | +2.9% |
| 2024-04-23 beat | 3.47 | 3.52 | +1.4% | -7.0% | -13.4% | +4.4% | +13.0% |
| 2024-01-30 beat | 3.29 | 3.68 | +11.9% | +5.3% | +9.3% | -3.4% | -6.9% |
| 2023-10-31 beat | 3.31 | 3.45 | +4.1% | -1.9% | -2.2% | +5.5% | +10.5% |
| 2023-07-25 beat | 3.11 | 3.26 | +4.9% | +1.2% | +9.0% | -0.4% | -2.3% |
| 2023-04-25 beat | 3.00 | 3.14 | +4.7% | -1.6% | -13.5% | -0.6% | -3.0% |
| 2023-01-31 beat | 2.76 | 2.84 | +2.9% | +1.6% | +4.9% | +5.4% | -2.7% |
| 2022-10-25 beat | 2.71 | 2.85 | +5.0% | +1.0% | +8.8% | +4.8% | +13.5% |
| 2022-07-26 beat | 2.67 | 2.78 | +4.0% | -0.9% | +1.0% | +7.9% | +5.6% |
| 2022-04-26 beat | 2.79 | 2.98 | +6.9% | -2.7% | -7.0% | +0.5% | -3.0% |
| 2022-01-27 beat | 2.49 | 2.51 | +0.7% | -0.2% | -0.1% | +9.9% | +2.0% |
| 2021-10-26 beat | 2.43 | 2.53 | +4.3% | +0.0% | -1.4% | +1.7% | -0.1% |
| 2021-07-27 beat | 2.31 | 2.45 | +5.9% | +1.9% | +1.4% | +6.0% | +7.5% |
| 2021-04-27 beat | 2.26 | 2.46 | +9.1% | +0.1% | +0.1% | -1.0% | -4.6% |
| 2021-01-28 beat | 1.94 | 1.96 | +0.9% | -2.5% | +0.5% | +8.8% | +6.3% |
| 2020-10-27 beat | 1.82 | 2.20 | +21.1% | +0.0% | +2.1% | +3.5% | +13.2% |
| 2020-07-28 beat | 1.68 | 1.77 | +5.4% | +0.2% | -4.5% | -3.2% | -1.2% |
| 2020-04-28 beat | 1.69 | 1.90 | +12.5% | +2.2% | -3.8% | +5.7% | +1.1% |
| 2020-01-30 beat | 1.61 | 1.67 | +3.9% | -0.1% | +3.7% | +1.4% | +7.8% |
| 2019-10-31 beat | 1.59 | 1.68 | +5.6% | +2.1% | +2.4% | +5.2% | +9.4% |
| 2019-08-01 beat | 1.51 | 1.54 | +2.2% | +0.4% | -0.8% | +0.1% | +4.1% |
| 2019-05-02 beat | 1.40 | 1.55 | +10.3% | +1.1% | -0.6% | +0.3% | -2.3% |
“1-day” is the close-to-close move over the session that first traded on the news (the next session for after-close reports). “+5d / +1mo” are the further drift from that close.
Earnings dates & estimates from Yahoo Finance (refreshed 2026-09-13); price reactions from end-of-day data. History, not a forecast. Not investment advice.