JPM to Release Earnings on July 13 MarketChameleon earnings price pattern has detected two notable historical trends


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JPM to Release Earnings on July 13

JP Morgan Chase & Co. (JPM) is scheduled to release earnings on July 13, 2018, before the market opens, and will hold a conference call at 8:30 AM ET on the same day. The stock currently trades at 104.06, which is 5.7% lower than the close following its last reported earnings, trading with a range of 102.20 to 115.15 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 2.6% move for this earnings, and during the previous earnings release, the stock experienced a -2.7% move. Over the last 12 quarters, the absolute average move has been ± 1.6%, with a minimum move of 0.3% and a maximum move of 4.2%. JPM has only experienced 2 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
2 Weeks Before Earnings:For 5 of the last 6 quarters (83%), JPM stock price has gone up in the 2 weeks before earnings. It has had an average gain of +1.2% during that span.
2 Days Before Earnings:For each of the last 4 quarters, the stock price has gone up in the 2 days before earnings. Over that period, it has an average gain of +0.8%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling out-of-the-money puts the day before earnings had 83% winning occurrences, for an average gain of +70.1%. Additionally, selling at-the-money straddles resulted in 83% winning occurrences, for an average return of +31.8%.

EPS Estimate

Analysts are currently expecting JPM to report an earnings of $2.23 per share, compared to $1.71 for the same quarter last year. Revenue is expected to come in at $27.4 billion versus $26.4 billion for the previous year.
 

 


 

 


 

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