AllianceBernstein Holding L.P. (AB)’s Historical Post-Earnings Performance

48 days have passed by since the last earnings report for AllianceBernstein Holding L.P. (NYSE:AB) and the new quarterly results look set to arrive in 42 days. The shares of AB at the moment are trading at a volume of 0.15 million, which compares with its normal daily standard volume of 217084 shares. This has led to the shares of the company declining by -0.51%, currently exchanging hands at $29.25 a share. AB stock has been up by $2.17 (-6.9%) ever since it reached its 52-week high of $31.42 back in February 12, 2019. It has progressed above its 50-day moving average of $28.41 and is up 3.72% over the past week. The stock has retreated -3.4% since the last one arrived so the question here is that will the downbeat trend in that time frame continue leading up to its next earnings release, or is the AB share price due for a breakout?

AllianceBernstein Holding L.P. (AB) Forecasts And Latest Quarter Earnings

Ahead of their fiscal third-quarter to be released on Wednesday, Oct 23, 2019, 6 analysts who are covering the company are estimating that it will record a profit of $0.65 per share, with analysts having different outlooks from $0.64 to $0.68. The current agreed outlook, when compared to the profit recorded last year, is at $0.69 a share, thus a decrease of -5.8% is expected. The profit view for a complete financial year for AllianceBernstein Holding L.P. is expected to be around $2.42 in current year, a growth of nearly -9.36% from last year which was $2.67.

Analyzing The Earnings History Of AllianceBernstein Holding L.P. (NYSE:AB)

In the past few years, the AB stock has been known to miss the Wall Street’s earnings projection. The company missed 25% of the time, according to the data pulled on their earnings, was able to meet predictions on 1 occasions and topped expectations 8 times. Looking at the past trend, the price of AllianceBernstein Holding L.P. shares had sank following the release of their earnings in 20 of the last 38 quarters.

Looking back, here is how AllianceBernstein Holding L.P. (AB) stock reacted to earnings misses and beats. It gave investors reason to be bearish with the price going down after 4 of the last four earnings reports. The shares of AllianceBernstein Holding L.P. recorded -2.11%, -3.13%, -1.51% and -3.64%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were 1.21%, -1.57%, -3.24% and -2.83%. Their post-earnings price movements have resulted in an average decrease of -2.6% and an average decrease of -1.61% in AllianceBernstein Holding L.P. on next day and 7th day, sequentially. AB’s one month stock performance led to its shares rising by 5.48% with a return of -3.15% witnessed over the last 52 weeks.

AllianceBernstein Holding L.P. (AB) Post Earnings Announcement Drift (PEAD)

Back on July 25, 2019, AllianceBernstein Holding L.P. (NYSE:AB) released its Q2 results, in which it recorded EPS of $0.56 that fell short of consensus estimates of $0.58. After the earnings were reported, the price of AB stock kicked off the session at $28.9 and remained in a range of $29.79 to $30 on the first day. The shares were priced at $29.18 at the close with a total volume of shares being 366264.

On April 25, 2019, the Q1 earnings report was disclosed with EPS of $0.49. This was below the estimation of $0.54 per share. The stock price range of AB was between $29.62 and $29.75 on the first-day post announcement, after opening the day at $28.75. The session came to close at $29.07 and there was a total volume of 426155 shares.

February 13, 2019 was the day when its Q4 results were unveiled. The earnings came in at $0.64, matching the projected $0.64 per share. The very next day, AB stock opened at $30 while staying in a range of $30.19 to $31.34. At the end, it moved to $30.7 a total volume of shares been 561754.

In the year-ago Q3 earnings on October 24, 2018, the company saw profit per share of $0.69. That was better than the $0.62 analysts had expected. AllianceBernstein Holding L.P. share price started at $28.52 on the first full trading day post-earning and then exchanged hands between $30 and $30.2 throughout the session. The closing price of $28.57 came on the back of 630401 shares in volume.