Expected Earnings Release: 11/11/2013, After-hours
Avg. Extended-Hours Dollar Volume: $1,384,655
Sotheby's Holdings Inc (
) is due to issue its quarterly earnings report in the upcoming
extended-hours session. Given its history, traders can expect light
trading in the issue immediately following its quarterly earnings
announcement. Historical earnings event related premarket and
after-hours trading activity in BID indicates that the price change
in the extended hours is likely to be of limited value in
forecasting additional price movement by the following regular
Last 12 Qtrs Positive Only Price Reactions
Percent of time added to extended-hours gains: 0%
Average next regular session additional gain: 0%
There are no earnings events over the previous 12 quarters with
extended-hours price reactions in this direction.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 50%
Average next regular session additional loss: 2.2%
Over that same historical period, when shares of BID dropped in
the extended-hours in reaction to its earnings announcement,
history shows that 50.0% of the time (2 events) the stock dropped
further, adding to the extended-hours losses by an average of 2.2%
by the following regular session close.
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