How Will Cooper Companies Stock React To Its Upcoming Earnings?
Cooper Companies (NASDAQ:COO) is set to report its earnings on Thursday, June 4, 2026. The company has $12 Bil in current market capitalization. Revenue over the last twelve months was $4.2 Bil, and it was operationally profitable with $714 Mil in operating profits and net income of $401 Mil. While a lot will depend on how results stack up against consensus and expectations, understanding historical patterns might just turn the odds in your favor if you are an event-driven trader.
There are two ways to do that: understand the historical odds and position yourself prior to the earnings release, or look at the correlation between immediate and medium-term returns post earnings and position yourself accordingly after the earnings are released.
See earnings reaction history of all stocks
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Cooper Companies’s Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
- There are 20 earnings data points recorded over the last five years, with 9 positive and 11 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 45% of the time.
- However, this percentage decreases to 36% if we consider data for the last 3 years instead of 5.
- Median of the 9 positive returns = 4.5%, and median of the 11 negative returns = -4.4%
Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D | 5D | 21D |
| 3/5/2026 | -4.6% | -10.8% | -12.4% |
| 12/4/2025 | 5.7% | 6.6% | 8.9% |
| 8/27/2025 | -12.9% | -8.2% | -8.8% |
| 5/29/2025 | -14.6% | -11.0% | -11.0% |
| 3/6/2025 | -6.6% | -14.6% | -18.9% |
| 12/5/2024 | -4.4% | -6.3% | -10.2% |
| 8/28/2024 | 11.8% | 12.7% | 16.1% |
| 5/30/2024 | 4.5% | 5.6% | -4.3% |
| 2/29/2024 | 9.2% | 9.1% | 6.0% |
| 12/7/2023 | -2.9% | 6.5% | 7.6% |
| 8/30/2023 | -2.9% | -7.1% | -16.5% |
| 6/1/2023 | -4.7% | -6.5% | 0.9% |
| 3/2/2023 | 7.3% | 2.1% | 13.9% |
| 12/8/2022 | -3.1% | 1.5% | 7.6% |
| 8/31/2022 | 4.4% | 7.1% | -8.2% |
| 6/2/2022 | -3.0% | -4.5% | -10.5% |
| 3/3/2022 | 1.8% | -7.6% | 2.7% |
| 12/2/2021 | 3.6% | 8.1% | 11.5% |
| 9/2/2021 | 1.2% | 0.2% | -9.3% |
| 6/3/2021 | -0.6% | -2.6% | 6.2% |
| SUMMARY STATS | |||
| # Positive | 9 | 10 | 10 |
| # Negative | 11 | 10 | 10 |
| Median Positive | 4.5% | 6.5% | 7.6% |
| Median Negative | -4.4% | -7.4% | -10.3% |
| Max Positive | 11.8% | 12.7% | 16.1% |
| Max Negative | -14.6% | -14.6% | -18.9% |
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 the 1D post-earnings return is positive. Here is some correlation data based on a 5-year and a 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
| History | 1D_5D | 1D_21D | 5D_21D |
|---|---|---|---|
| 5Y History | -17.9% | -4.9% | -17.3% |
| 3Y History | -16.4% | -5.6% | -14.0% |
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