In-line quarters are not good enough
- For the stocks we monitor in gaming, lodging, and leisure, it’s been a rough and volatile earnings season where stocks were punished even though sentiment was low and stock prices down into the earnings releases
- So far, the 8 companies that missed and/or lowered guidance were down an average of 6.4% more than the S&P on the first day of trading subsequent to the announcement
- The five companies that beat were only up 3.7% more than the S&P and even the in-liners fell 3.4%
