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Earnings Reaction History: Sotheby's Holdings Inc, 33.3% Follow-Through Indicator, 3.2% Sensitive
By: MT Newswires
Expected Earnings Release: 11/11/2013, After-hours
Avg. Extended-Hours Dollar Volume: $1,384,655
Sotheby's Holdings Inc ( BID ) 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 session close.
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.
Data provided by the MT Pro service at MTNewswires.com.