WFC to Release Earnings on July 13 see the Opportunities!!!


Re-Tweet
Share on Facebook
Share on Google+
Share on LinkedIn

WFC to Release Earnings on July 13

Wells Fargo (WFC) is scheduled to release earnings on July 13, 2018, before the market opens, and will hold a conference call at 10:00 AM ET on the same day. The stock currently trades at 56.07, which is 10.2% higher than the close following its last reported earnings, trading with a range of 50.26 to 57.12 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 2.9% move for this earnings, and during the previous earnings release, the stock experienced a -3.4% move. Over the last 12 quarters, the absolute average move has been ± 1.8%, with a minimum move of 0.1% and a maximum move of 3.6%. WFC has experienced 5 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
Negative Earnings Trend:For 10 of the last 12 quarters (83%), WFC stock price has experienced negative earnings effects. Over that time, the average earnings move is -1.4%.
2 Weeks After Earnings:For 11 of the last 12 quarters (92%), the stock price has gone up in the 2 weeks following earnings. Over that period, it has an average gain of +3.0%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling out-of-the-money calls the day before earnings had 100% winning occurrences, for an average gain of +88.4%. Additionally, selling at-the-money straddles resulted in 58% winning occurrences, for an average return of +10.3%.

EPS Estimate

Analysts are currently expecting WFC to report an earnings of $1.13 per share, compared to $1.07 for the same quarter last year. Revenue is expected to come in at $21.7 billion versus $22.2 billion for the previous year.

 


 

 


 

Stock and option trading involves risk may not be suitable for all investors. Examples contained within this newsletter are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This newsletter is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither MarketChameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades.
Note: selling options can result in losses of greater than 100%. Average returns from selling options is calculated based on net change in value against the initial theoretical option value. Prior to buying or selling an option, you should read the Options Clearing Corporation's Characteristics and Risks of Options.

Wait, Before You Leave...