Has ARCC been a good buy before earnings?

14 October 2024, 12:20 PM

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By Dmitry Pargamanik

ARCC Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, ARCC stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.8% Gains
ARCC is scheduled to report earnings on 30-Oct-2024. The last time Ares Capital - Closed End reported earnings on Jul 30, 2024, the stock increased by 1.9% to close at $20.79. At its current price of $21.36, ARCC post earnings drift is +2.8%. Typically, traders tended to bid up ARCC shares (heading into earnings) prior to its scheduled release.

ARCC Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves ARCC had for the last 12 quarters around earnings. The 2 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 1.8%. That was actually a better bullish play than holding ARCC through earnings that saw a 0.1% gain.

ARCC historical stock price movement before earnings

Go to ARCC Historical Price Movements Around Earnings page



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