Click to view the earnings moves in FUTU
FUTU Takes a Hit After Earnings—But Will the Slide Continue?
Futu Holdings Limited (FUTU) just posted its latest earnings, sending shares down -4.7% to $145.29 in recent trading. Was this move a surprise, or just a repeat of history? Let’s dig into how FUTU historically reacts to earnings—and what usually happens next.
Did the Options Market Call It?
Before today’s report, traders betting via options were pricing in a move of ±5.6%. With the actual move landing at -4.7%, the drop fell right in line with expectations, signaling the options market had it about right. Last quarter? A much more muted -0.5% slide—reminding us every earnings day writes its own story.
How FUTU’s Stock Tends to React on Earnings Day
You might wonder: was today’s dip just par for the course, or something out of the ordinary? Here’s what the last 12 quarters of earnings (and price moves) reveal:
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Average Return | -2.1% | +0.2% | +3.6% | -4.8% | -2.2% |
| % of Moves Up | 33.3% | 58.3% | 41.7% | ||
| % of Moves Down | 66.7% | 41.7% | 58.3% |
A few trends jump out: FUTU typically struggles on earnings days, with the average return at -2.1% and downs outpacing ups two-to-one. The stock also tends to drift lower from the open (-2.2% average from open to close).
How Big Are the Swings?
Some stocks jump (or tumble) wildly on earnings. Others, not so much. So how volatile is FUTU really when the numbers drop? Here are the stats for the average and maximum single-day swings:
| Stock Performance | Earnings Move | Open Gap | Open to High | Open to Low | Open to Close |
|---|---|---|---|---|---|
| Absolute Average Return | 4.0% | 2.6% | 3.6% | 4.8% | 3.8% |
| Max Absolute Return | 13.8% | 6.4% | 8.7% | 14.3% | 10.3% |
| Min Absolute Return | 0.3% | 0.1% | 0.8% | 0.0% | 0.2% |
Does FUTU Bounce Back After Earnings?
If history is any guide, there’s a glimmer of hope for patient bulls. Over the past 12 quarters, FUTU tends to recover in the days following earnings, with steadily improving average returns. Here’s what the data says:
| Stock Performance | 1 Day After Earnings | 2 Days After Earnings | 3 Days After Earnings | 1 Week After Earnings | 2 Weeks After Earnings |
|---|---|---|---|---|---|
| Average Return | +1.0% | +1.8% | +2.6% | +1.5% | +3.2% |
| % of Moves Up | 50.0% | 50.0% | 50.0% | 58.3% | 75.0% |
| % of Moves Down | 50.0% | 50.0% | 50.0% | 41.7% | 25.0% |
Historically, about three-quarters of the time FUTU ends up higher two weeks after earnings, with average gains of +3.2%. That might be why some investors see down days as potential opportunity—though today's drop could just as easily reflect lingering caution.
Spotlight: Today’s Most Active Option
A lot of eyes were also on the options pit today—4,847 contracts traded. The single most actively traded contract? Check the details below:
| Option Contract | 20-Mar-26 146 C |
|---|---|
| Volume | 405 |
| VWAP price | 7.14 |
| Open interest | 4 |
| Yesterday's closing price | 10.98 |
Want to Dig Deeper?
Curious to see more breakdowns of how FUTU moves after earnings—including detailed charts and past surprises? Check out FUTU’s historical earnings stock performance page here.
The Bottom Line
FUTU’s post-earnings drop matches the playbook of recent quarters—but keep an eye on possible rebounds in the days and weeks ahead. With both stats and sentiment playing a role, anything’s still possible. Will the pattern hold, or is a new storyline emerging?
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