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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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Data as of Oct 12, 2026, 11:46 PM CEST



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