A Stock Rise in HBI has History on Its Side

8 February 2024, 1:17 PM

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By Dmitry Pargamanik

HBI Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, HBI stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.5% Gains
HBI is scheduled to report earnings on 15-Feb-2024. The last time Hanesbrands reported earnings on Nov 09, 2023, the stock dropped by -5.2% to close at $4.00. At its current price of $4.58, HBI post earnings drift is +14.5%. 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 3 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.5%. That was actually a better bullish play than holding HBI through earnings that saw a -3.8% decline.

HBI historical stock price movement before earnings

Go to HBI Historical Price Movements Around Earnings page



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