PPL (NYSE:PPL) is scheduled to report its earnings on Friday, November 6, 2026. The company has a market value of about $26.9 billion. Over the last twelve months it generated $9.4 billion in revenue and $2.3 billion in operating profit, with net income of $1.3 billion.
Nobody knows how the market will take the numbers. What we can measure is how PPL stock has reacted to its past earnings releases, which is useful context for anyone trading around the event.
See the earnings reaction history of all stocks
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The Post-Earnings Record For PPL Stock
Some observations on one-day (1D) post-earnings returns, measured from the last close before each release:
- There are 19 earnings releases in the last five years, with 11 positive and 8 negative one-day (1D) returns. Positive 1D returns were seen 58% of the time.
- Over the last three years that share rises to 64%, across 11 releases.
- The median of the 11 positive 1D returns is 1.3%, and the median of the 8 negative ones is -1.5%.
- The largest one-day reactions were 2.4% and -7.2%.
The table below shows the 1D, 5-day (5D) and 21-day (21D) returns after each release, followed by summary statistics. It leaves out the February 18, 2022 release, after which the stock fell 6.1% over five days and 3.7% over 21 days.
Earnings Date 1D 5D 21D 8/7/2026 2.4% 3.1% 1.4% 5/8/2026 -2.3% -2.7% -3.9% 2/20/2026 1.3% 4.4% -0.4% 11/5/2025 0.3% 1.7% -5.8% 7/31/2025 -1.0% 0.3% 1.4% 4/30/2025 0.3% -0.7% -5.4% 2/13/2025 -0.3% -1.1% 1.9% 11/1/2024 -3.1% -0.7% 5.8% 8/2/2024 1.1% 0.7% 5.3% 5/1/2024 2.0% 3.2% 4.0% 2/16/2024 0.7% 1.3% 2.6% 11/2/2023 1.5% 3.8% 7.2% 8/4/2023 -2.1% -2.0% -7.0% 5/4/2023 0.7% 0.9% -6.9% 2/17/2023 1.3% -2.7% -3.3% 11/4/2022 1.6% 4.3% 9.4% 8/3/2022 -0.4% -2.1% -0.1% 5/5/2022 -0.3% -1.7% 3.3% Statistic 1D 5D 21D # Positive 11 10 10 # Negative 7 8 8 Median Positive 1.3% 2.4% 3.6% Median Negative -1.0% -1.8% -4.6% Max Positive 2.4% 4.4% 9.4% Max Negative -3.1% -2.7% -7.0%
Does The First Move Carry On?
Another approach is to wait for the initial reaction and ask whether it tends to continue. The table below shows the correlation between the 1D return and the return over the following 5 and 21 trading days, and between the 5D return and the following 21 trading days. A value near 1 means the first move has tended to continue; near -1, to reverse; near 0, no consistent pattern. None of these correlations is strong enough to trade on: all are below 0.40 in absolute terms over five years, so the early post-earnings move has not reliably predicted what followed.
History 1D vs next 5D 1D vs next 21D 5D vs next 21D 5 Years -0.06 0.00 0.03 3 Years 0.00 -0.27 -0.29
Do Peers That Report First Offer A Clue?
Exelon (EXC) and American Electric Power (AEP) usually report about 2 to 7 days before PPL, and have already reported this season. Exelon rose 0.5% on its October 30 report day, and American Electric Power fell 1.6% on October 28. The table compares each peer’s one-day reaction to its own earnings with PPL’s one-day reaction to the report that followed. The correlations are EXC (0.11), AEP (-0.09); the closer to 1, the more the peer’s reaction has foreshadowed PPL’s. Figures this close to 0 show no consistent link.
PPL Earnings Date PPL 1D EXC 1D AEP 1D 8/7/2026 2.4% -3.1% -1.3% 5/8/2026 -2.3% -2.5% 1.8% 2/20/2026 1.3% 7.0% 3.4% 11/5/2025 0.3% 0.4% 6.1% 7/31/2025 -1.0% n/a 3.7% 2/13/2025 -0.3% 1.3% n/a 11/1/2024 -3.1% 0.4% n/a 8/2/2024 1.1% 2.8% 1.1% 5/1/2024 2.0% n/a -0.7% 8/4/2023 -2.1% 0.1% -2.7% 5/4/2023 0.7% -0.6% n/a 2/17/2023 1.3% 2.0% n/a 11/4/2022 1.6% -2.8% -0.3% 8/3/2022 -0.4% n/a -0.1% 5/5/2022 -0.3% n/a 2.9% Correlation – 0.11 -0.09
An earnings release can move one stock sharply in either direction. A diversified portfolio spreads that risk. The Trefis High Quality (HQ) Portfolio holds about 30 quality businesses, rebalanced with rules, and has a track record of outperforming a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000.
Source: www.trefis.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
