In the past 3 years, HBI shares had big gains pre-earnings

29 October 2024, 1:06 PM

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By Dmitry Pargamanik

HBI Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, HBI stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.6% Gains
HBI is scheduled to report earnings on 7-Nov-2024. The last time Hanesbrands reported earnings on Aug 08, 2024, the stock increased by 18.1% to close at $6.14. At its current price of $7.30, HBI post earnings drift is +18.9%. Typically, traders tended to bid up HBI shares (heading into earnings) prior to its scheduled release.

HBI Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves HBI 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 2.6%. That was actually a better bullish play than holding HBI through earnings that saw a -4.2% decline.

HBI historical stock price movement before earnings

Go to HBI Historical Price Movements Around Earnings page



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