Should you buy RIO stock before earnings?

5 April 2024, 10:17 AM

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By Dmitry Pargamanik

RIO Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, RIO stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.2% Gains
RIO is scheduled to report earnings on 16-Apr-2024. The last time Rio Tinto PLC reported earnings on Feb 21, 2024, the stock dropped by -0.7% to close at $62.88. At its current price of $62.81, RIO post earnings drift is -0.1%. Typically, traders tended to bid up RIO shares (heading into earnings) prior to its scheduled release.

RIO Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves RIO 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 1.2%. That was actually a better bullish play than holding RIO through earnings that saw a -0.8% decline.

RIO historical stock price movement before earnings

Go to RIO Historical Price Movements Around Earnings page



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