Has KO been a good buy before earnings?

14 October 2024, 10:13 AM

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By Dmitry Pargamanik

KO Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, KO stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.3% Gains
KO is scheduled to report earnings on 23-Oct-2024. The last time Coca-Cola Company reported earnings on Jul 23, 2024, the stock increased by 0.3% to close at $64.52. At its current price of $69.72, KO post earnings drift is +8.1%. Typically, traders tended to bid up KO shares (heading into earnings) prior to its scheduled release.

KO Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves KO had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 1.3%. That was actually a better bullish play than holding KO through earnings that saw a 0.8% gain.

KO historical stock price movement before earnings

Go to KO Historical Price Movements Around Earnings page



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