Could SPG shares go up before upcoming earnings? Here's what history can tell us

19 July 2024, 10:15 AM

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By Dmitry Pargamanik

SPG Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, SPG stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 2.2% Gains
SPG is scheduled to report earnings on 5-Aug-2024. The last time Simon Property Group reported earnings on May 06, 2024, the stock increased by 2.4% to close at $146.03. At its current price of $153.11, SPG post earnings drift is +4.9%. Typically, traders tended to bid up SPG shares (heading into earnings) prior to its scheduled release.

SPG Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves SPG had for the last 12 quarters around earnings. The 2 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 2.2%. That was actually a better bullish play than holding SPG through earnings that saw a 0.6% gain.

SPG historical stock price movement before earnings

Go to SPG Historical Price Movements Around Earnings page



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