Earnings jumps

How much a stock moves the moment quarterly numbers land, and whether any of it is predictable beforehand. Every percentage is measured from the last close struck before anyone knew the numbers.

Most recent report · Meta Q3 2026
↓ −3.0%
overnight, after close on 21 Oct 2026

$697.52 at the close on 21 Oct 2026 → $676.35 at the next open. It closed that first session at $648.85 (−7.0%), and two weeks later stood —.

See Meta's history →

Tested: “sell the spikes, hold the drops”

Buying before a report, selling into big up-gaps and holding the down ones, across all 580 reports on this watchlist. It underperforms simply holding at every horizon — up-gaps keep drifting up and down-gaps keep lagging, so the rule is backwards on both halves.

See the numbers →

Which of these actually move

Median overnight move on report night, direction ignored. This is the size of the coin flip you take on by holding through a print — not a prediction of which way it lands.

CloudflareCloudflare: median overnight move 8.0% across 28 reports8.0%AmazonAmazon: median overnight move 7.1% across 88 reports7.1%MetaMeta: median overnight move 6.6% across 58 reports6.6%ShopifyShopify: median overnight move 6.1% across 43 reports6.1%TeslaTesla: median overnight move 5.4% across 65 reports5.4%AlphabetAlphabet: median overnight move 4.5% across 44 reports4.5%NvidiaNvidia: median overnight move 3.9% across 88 reports3.9%AppleApple: median overnight move 3.8% across 88 reports3.8%MicrosoftMicrosoft: median overnight move 3.3% across 88 reports3.3%

All companies

“Run-in predicts?” asks whether the two weeks before a report told you anything about the jump — a correlation test on that company's own history.

CompanyTypical moveUp / downBiggest jumpBiggest dropRun-in predicts?Reports
CloudflareNET8.0%17 / 11↑ 21.9%↓ 25.5%no28
AmazonAMZN7.1%43 / 45↑ 22.2%↓ 16.6%no88
MetaMETA6.6%33 / 25↑ 26.5%↓ 24.5%no58
ShopifySHOP6.1%23 / 20↑ 21.7%↓ 17.4%no43
TeslaTSLA5.4%33 / 32↑ 25.7%↓ 12.4%no65
AlphabetGOOGL4.5%25 / 19↑ 11.8%↓ 8.1%no44
NvidiaNVDA3.9%54 / 34↑ 26.1%↓ 19.3%no88
AppleAAPL3.8%54 / 34↑ 9.9%↓ 12.5%no88
MicrosoftMSFT3.3%54 / 34↑ 12.6%↓ 10.5%some link (r -0.29)88