Has AAPL been a good buy before earnings?

26 April 2023, 10:17 AM

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By Dmitry Pargamanik

AAPL Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, AAPL stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.9% Gains
AAPL is scheduled to report earnings on 4-May-2023. The last time Apple reported earnings on Feb 02, 2023, the stock increased by 2.4% to close at $154.27. At its current price of $163.83, AAPL post earnings drift is +6.2%. Typically, traders tended to bid up AAPL shares (heading into earnings) prior to its scheduled release.

AAPL Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves AAPL had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 1.9%. That was actually a better bullish play than holding AAPL through earnings that saw a 1.1% gain.

AAPL historical stock price movement before earnings

Go to AAPL Historical Price Movements Around Earnings page



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