Expected Earnings Release: 04/20/2016, Premarket
Avg. Extended-Hours Dollar Volume: $16,606,905
The Coca-Cola Company ( KO ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in KO 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: 28.6%
Average next regular session additional gain: 1.5%
Over the prior three fiscal years (12 quarters), when shares of KO rose in the extended-hours session in reaction to its earnings announcement, history shows that 28.6% of the time (2 events) the stock posted additional gains in the following regular session by an average of 1.5%.
Last 12 Qtrs Negative Only Price Reactions
Percent of time added to extended-hours losses: 0%
Average next regular session additional loss: 0%
There have not been any meaningful extended-hours earnings related price reactions over the previous 3 years (12 quarters) in this direction.
Data provided by the MT Pro service at MTNewswires.com.
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