History Shows SRPT could rally into earnings

22 February 2023, 12:39 PM

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By Dmitry Pargamanik

SRPT Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, SRPT stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.7% Gains
SRPT is scheduled to report earnings on 28-Feb-2023. The last time Sarepta Therapeutics reported earnings on Nov 02, 2022, the stock dropped by -7.4% to close at $105.01. At its current price of $124.49, SRPT post earnings drift is +18.5%. Typically, traders tended to bid up SRPT shares (heading into earnings) prior to its scheduled release.

SRPT Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves SRPT had for the last 12 quarters around earnings. The 3 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.7%. That was actually a better bullish play than holding SRPT through earnings that saw a -0.1% decline.

SRPT historical stock price movement before earnings

Go to SRPT Historical Price Movements Around Earnings page



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