What To expect before BX earnings announcement?

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BX Shares Could Increase Ahead of Earnings

  • 10 out of the last 12 times, BX stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 3.8% Gains
BX is scheduled to report earnings on 18-Jul-2024. The last time Blackstone reported earnings on Apr 18, 2024, the stock dropped by -2.3% to close at $119.51. At its current price of $127.21, BX post earnings drift is +6.4%. Typically, traders tended to bid up BX shares (heading into earnings) prior to its scheduled release.

BX Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves BX had for the last 12 quarters around earnings. The 3 day run up into earnings is notable as it shows that the stock increased 83% of the time for an average gain of 3.8%. That was actually a better bullish play than holding BX through earnings that saw a -0.3% decline.

BX historical stock price movement before earnings

Go to BX Historical Price Movements Around Earnings page

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