History Shows AFL could rally into earnings

15 October 2024, 10:13 AM

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By Dmitry Pargamanik

AFL Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, AFL stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.9% Gains
AFL is scheduled to report earnings on 30-Oct-2024. The last time Aflac reported earnings on Jul 31, 2024, the stock increased by 6.6% to close at $101.17. At its current price of $114.35, AFL post earnings drift is +13.0%. Typically, traders tended to bid up AFL shares (heading into earnings) prior to its scheduled release.

AFL Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves AFL 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 1.9%. That was actually a better bullish play than holding AFL through earnings that saw a 0.4% gain.

AFL historical stock price movement before earnings

Go to AFL Historical Price Movements Around Earnings page



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