Could AMBA shares go up before upcoming earnings? Here's what history can tell us

23 February 2023, 11:02 AM

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By Dmitry Pargamanik

AMBA Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, AMBA stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.9% Gains
AMBA is scheduled to report earnings on 28-Feb-2023. The last time Ambarella - reported earnings on Dec 01, 2022, the stock increased by 3.3% to close at $76.38. At its current price of $91.19, AMBA post earnings drift is +19.3%. Typically, traders tended to bid up AMBA shares (heading into earnings) prior to its scheduled release.

AMBA Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves AMBA had for the last 12 quarters around earnings. The 2 day run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 2.9%. That was actually a better bullish play than holding AMBA through earnings that saw a -2.0% decline.

AMBA historical stock price movement before earnings

Go to AMBA Historical Price Movements Around Earnings page



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