Whisper Number: What Will Rite Aid’s Shares Do Post-Earnings?
Rite Aid Corp. (NYSE:RAD) is expected to report earnings on Thursday, September 19. The whisper number is $0.00, four cents ahead of the analysts’ estimate. Rite Aid has a 48 percent positive surprise history, having topped the whisper in 20 of the 42 earnings reports for which we have data.
- Beat whisper: 20 qtrs
- Met whisper: 0 qtrs
- Missed whisper: 22 qtrs
Our primary focus is on post earnings price movement. Knowing how likely a stock’s price will move following an earnings report can help you determine the best action to take (long or short). In other words, we look at what happens when the company beats or misses the whisper number expectation.
The table below indicates the average post earnings price movement within a one and thirty trading day time frame.