How Will Bristol Myers Squibb Stock React To Its Upcoming Earnings?
Bristol Myers Squibb (NYSE:BMY) is scheduled to release its earnings report on Thursday, July 31, 2025. For event-driven traders, examining historical stock performance around earnings announcements can provide valuable insights.
Over the past five years, BMY's one-day stock returns following earnings announcements have been evenly split:
While the actual results compared to consensus estimates will significantly influence the stock's immediate reaction, understanding these historical patterns can potentially inform trading strategies. Traders can approach this event in two ways:
Current consensus estimates project Bristol Myers Squibb to report earnings of $1.10 per share on sales of $11.38 billion. This is lower than the year-ago quarter's earnings of $2.07 per share on sales of $12.2 billion.
From a fundamental perspective, Bristol Myers Squibb currently has a market capitalization of $95 billion. Over the last twelve months, the company generated $48 billion in revenue, achieved $7.9 billion in operating profits, and reported a net income of $5.4 billion.
That said, if you seek upside with lower volatility than individual stocks, the Trefis High Quality portfolio presents an alternative – having outperformed the S&P 500 and generated returns exceeding 91% since its inception. Also, see – Buy Or Sell SOFI Stock?
See earnings reaction history of all stocks
Bristol Myers Squibb's Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
Additional data for observed 5-Day (5D), and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
BMY 1D, 5D, and 21D Post Earnings Return
Correlation Between 1D, 5D, and 21D Historical Returns
A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves "long" for the next 5 days if 1D post-earnings return is positive. Here is some correlation data based on 5-year and 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
BMY Correlation Between 1D, 5D and 21D Historical Returns
Is There Any Correlation With Peer Earnings?
Sometimes, peer performance can have influence on post-earnings stock reaction. In fact, the pricing-in might begin before the earnings are announced. Here is some historical data on the past post-earnings performance of Bristol Myers Squibb stock compared with the stock performance of peers that reported earnings just before Bristol Myers Squibb. For fair comparison, peer stock returns also represent post-earnings one-day (1D) returns.
BMY Correlation With Peer Earnings
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