Results announcement has typically been viewed as a gamble as there are many data points such as the actual earnings, key metrics and forecasts, and while we may have a general idea from data points such as analyst consensus or other market data, we do not actually know what the actual data will be. If any single one of these three data points turn out to be unfavourable, the market may take it as an opportunity to dump the stock.
In this table, we have identified 8 stocks that have taken a more than 20% hit after earnings and will dive into the reasons why.
Surprise! Surprise! Many stocks such as stocks like Peloton, Novavax and Amazon didn’t make the cut as they fell more than 10% but less than 20%.
8 US stocks that crashed >20% after releasing results
| Company |
Sector |
Drawdown |
| Upstart Holdings Inc (NASDAQ:UPST) |
Financial |
-56% |
| Unity Software Inc (NYSE:U) |
Technology |
-29% |
| Palantir Technologies Inc (NYSE:PLTR) |
Technology |
-21% |
| Netflix Inc (NASDAQ:NFLX) |
Communication services |
-35% |
| Lyft Inc (NASDAQ:LYFT) |
Technology |
-30% |
...
