Covanta Holding Corporation (CVA) Earnings
Should You Buy CVA Before Earnings?
Based on the last three years of earnings reports, buying CVA stock within four weeks before its earnings date yielded an average return of -0.05%.
The best time to buy before earnings was 21 days before, which yielded an average return of 1.21% by the earnings date. The worst time was 7 days before, which yielded an average return of -1.36%.
Report dates analyzed: Feb 20 2020 - Oct 26 2022*Disclaimer: Past performances is not a guarantee of future results.
Should You Buy CVA After Earnings?
Based on the last three years of earnings reports, on average, CVA has gone up 4.67% shortly after its earnings date. The price peaks 28 days after earnings and is on average 5.79% higher than its closing price on day of earnings.
Since CVA has typically gone up after earnings, you might want to consider buying the stock before.
Report dates analyzed: Feb 20 2020 - Oct 26 2022*Disclaimer: Past performances is not a guarantee of future results.
Average Gains
The average return if you bought Covanta Holding Corporation before its earnings report and sold at close on its earnings day.
Period | 28 Day Before | 21 Days Before | 14 Days Before | 7 Days Before | 1 Day Before | Day Of |
---|---|---|---|---|---|---|
Past 4 Earnings | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Past 8 Earnings | 1.64% | 1.97% | -0.03% | -0.37% | -0.08% | -0.25% |
Past 12 Earnings | -0.28% | 1.21% | -0.15% | -1.36% | 0.33% | 0.28% |
CVA Earnings History
Report Date | 28 Day Before | 21 Days Before | 14 Days Before | 7 Days Before | 1 Day Before | Day Of | 1 Day After | 7 Days After | 14 Days After | 21 Days After | 28 Days After |
---|---|---|---|---|---|---|---|---|---|---|---|
2022-10-26 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2022-07-26 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2022-04-27 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2022-02-16 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
2021-10-27 | 20.14 0.15% | 20.11 0.30% | 20.15 0.10% | 20.18 -0.05% | 20.18 -0.05% | 20.17 -0.10% | 20.17 0.00% | 20.22 0.25% | 20.22 0.25% | 20.24 0.35% | 20.25 0.40% |
2021-07-28 | 17.61 13.57% | 17.93 11.55% | 19.95 0.25% | 20.14 -0.70% | 20.00 0.00% | 20.00 -0.15% | 19.95 -0.25% | 19.95 -0.25% | 19.99 -0.05% | 20.01 0.05% | 20.01 0.05% |
2021-04-29 | 13.96 -0.22% | 13.76 1.24% | 13.77 1.16% | 13.51 3.11% | 13.79 1.02% | 13.93 -0.14% | 15.04 7.97% | 15.22 9.26% | 14.92 7.11% | 14.99 7.61% | 14.81 6.32% |
2021-02-18 | 14.47 -0.42% | 14.03 2.71% | 14.67 -1.77% | 15.22 -5.32% | 14.64 -1.57% | 14.41 -1.57% | 14.28 -0.90% | 13.83 -4.03% | 13.99 -2.92% | 14.92 3.54% | 14.45 0.28% |
2020-10-29 | 7.87 -3.18% | 8.30 -8.19% | 8.09 -5.81% | 7.89 -3.42% | 7.62 0.00% | 7.62 0.93% | 9.08 19.16% | 11.03 44.75% | 11.06 45.14% | 11.70 53.54% | 12.59 65.22% |
2020-07-30 | 9.32 2.36% | 8.88 7.43% | 9.69 -1.55% | 9.70 -1.65% | 9.65 -1.14% | 9.54 0.74% | 9.84 3.15% | 9.85 3.25% | 9.84 3.15% | 9.30 -2.52% | 9.54 0.00% |
2020-05-07 | 8.63 -16.57% | 7.32 -1.64% | 6.90 4.35% | 7.78 -7.46% | 6.81 5.73% | 7.20 3.45% | 8.18 13.61% | 8.41 16.81% | 8.69 20.69% | 9.30 29.17% | 10.07 39.86% |
Methodology
We analyzed the past three years of CVA's earnings reports to calculate the average change in price of the stock before and after earnings.
Before Earnings
For calculating the average gains if you bought prior to earnings, we looked at the closing price of 5 different dates and compared them to the closing price of CVA on the day of the earnings report to calculate the return. The dates analyzed are:
- 28 days prior (4 weeks)
- 21 days prior (3 weeks)
- 14 days prior (2 weeks)
- 7 days prior (1 week)
- 1 day prior
This simulates an individual purchasing CVA stock on one of those days and selling on the day of the earnings report.
After Earnings
For calculating the average gains if you bought CVA stock on the day of earnings, we looked at the closing price of CVA on the day of the earnings and then compared it to 5 dates after. The dates analyzed are:
- 1 day after
- 7 days after (1 week)
- 14 days after (2 weeks)
- 21 days after (3 weeks)
- 28 day after (4 weeks)
This simulates an individual purchasing CVA stock on the day of the earnings report and then selling on one of the dates following.
Day of
To calculate the gains on the day of earnings, we compared the opening price of CVA to the closing price on the day of earnings - regardless if the earnings call was pre- or post-market.
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