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
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%
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.
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