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Post-Earnings Drift

 
Europe

Post-earnings announcement drift (PEAD) is one of the best-documented effects in finance: stocks that react strongly to earnings tend to keep moving in the same direction for weeks. This screen lists stocks on European exchanges that gapped up more than 3% on the report day or the day after within the last 20 business days, and today still close above the report-day close and low and above the 20-day moving average. These are earnings winners that the market keeps buying.

Screening formula:
exch(xetra,bme,mil,par,ams) and type(stock) and wdays_since_earn_rep >= 2 and wdays_since_earn_rep <= 20 and math.max(evalat(gapup, wdays_since_earn_rep), evalat(gapup, wdays_since_earn_rep - 1)) > 3 and c > c[wdays_since_earn_rep] and c > l[wdays_since_earn_rep] and c > sma(20) and draw(earnrep) and sortby(change(20), desc) and show(wdays_since_earn_rep as days_since_report)
 
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View:
Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Days_since_report
 CAP.DE 
SCP Standard Capital Partners AG
Entertainment
Communication Services
XETRA
Micro
 94.26  3.26  0.12 3.82 0  8.00
 XAXIA.MC 
AXIA Energia SA
Utilities - Renewable
Utilities
BME
Large
 21,337  11.20  1.85 19.79 1  13.00
 GAP.DE 
The Gap Inc
Apparel Retail
Consumer Cyclical
XETRA
Mid
 7,316.96  20.73  -0.1 -0.48 2  20.00
 ATE.PA 
Alten
Information Technology Services
Technology
PAR
Mid
 2,602.62  81.20  0.7 0.87 37,914  12.00
 ETG.DE 
EnviTec Biogas AG
Utilities - Renewable
Utilities
XETRA
Micro
 205.67  17.40  3.55 25.63 3,893  8.00
 MSN.DE 
Marsh & McLennan Companies, Inc.
Insurance Brokers
Financial Services
XETRA
Large
 71,943  159.25  7.25 4.77 0  6.00
 4DS.DE 
Daldrup & Soehne AG
Oil & Gas Drilling
Energy
XETRA
Micro
 141.28  23.70  0.1 0.42 2,678  8.00
 LACR.PA 
Lacroix Group S.A.
Scientific & Technical Instruments
Technology
PAR
Micro
 83.36  18.00  0 0 1,349  8.00
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Data as of Oct 12, 2026, 11:46 PM CEST



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