Should you buy HES stock before earnings?

14 October 2024, 11:40 AM

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By Dmitry Pargamanik

HES Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, HES stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.3% Gains
HES is scheduled to report earnings on 30-Oct-2024. The last time Hess reported earnings on Jul 31, 2024, the stock increased by 1.1% to close at $152.82. At its current price of $139.70, HES post earnings drift is -8.6%. Typically, traders tended to bid up HES shares (heading into earnings) prior to its scheduled release.

HES Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves HES 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 2.3%. That was actually a better bullish play than holding HES through earnings that saw a 0.2% gain.

HES historical stock price movement before earnings

Go to HES Historical Price Movements Around Earnings page



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