Is ADI stock going up before upcoming earnings? Let's turn to history for clues

15 November 2024, 10:14 AM

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By Dmitry Pargamanik

ADI Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, ADI stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.1% Gains
ADI is scheduled to report earnings on 26-Nov-2024. The last time Analog Devices reported earnings on Aug 21, 2024, the stock increased by 1.8% to close at $226.61. At its current price of $210.01, ADI post earnings drift is -7.3%. Typically, traders tended to bid up ADI shares (heading into earnings) prior to its scheduled release.

ADI Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves ADI had for the last 12 quarters around earnings. The 1 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.1%. That was actually a better bullish play than holding ADI through earnings that saw a 1.2% gain.

ADI historical stock price movement before earnings

Go to ADI Historical Price Movements Around Earnings page



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