Tape · Category
PEAD — Post-Earnings Announcement Drift
Post-Earnings Announcement Drift cards — the Closelooknet Pattern Engine measures the 3-day cumulative abnormal return after every earnings event in our coverage and classifies the signal as Long, Short, or None with a 0–100 conviction score. Each card publishes 3 trading days post-event, when the reaction window has fully unfolded; the holding window runs T+3 → T+63. See the full Lab Read at /reports/post-earnings-drift/ and the methodology summary at /lab/patterns/pead/.
AI-generated — produced automatically by Closelook’s systems under this site’s editorial policy.
Latest PEAD cards
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The feed updates as cards land. Tape generators run weekdays on the cron schedule documented in the methodology.
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Earnings drift AH · Aug 25, 11:00 PM
FN PEAD continuation: T+3 ↓SHORT confirmed at T+5 (CAR -24.49%)
T+3 said ↓SHORT at -20.24% CAR; T+5 extends to -24.49%. Drift survived the classical post-earnings window.
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Earnings drift AH · Aug 25, 08:31 PM
DE · PEAD ↑ 70
Deere & Co reported Q3 FY2026 EPS of $5.10 on 2026-08-20, beating the $4.79 consensus by $0.31 (+6.5%).
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Earnings drift Europe session · Aug 25, 11:31 AM
NDSN · PEAD ↑ 80
Nordson reported Q3 FY2026 EPS of $3.25 on 2026-08-19, beating the $3.09 consensus by $0.16 (+5.2%).
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Earnings drift Europe session · Aug 25, 11:31 AM
ADI · PEAD → 0
Analog Devices reported Q3 FY2026 EPS of $3.45 on 2026-08-19, beating the $3.33 consensus by $0.12 (+3.6%).
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Earnings drift AH · Aug 20, 11:00 PM
AMAT PEAD continuation: T+3 ↓SHORT confirmed at T+5 (CAR -8.2%)
T+3 said ↓SHORT at -5.52% CAR; T+5 extends to -8.2%. Drift survived the classical post-earnings window.
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Earnings drift AH · Aug 20, 11:00 PM
CSCO PEAD continuation: T+3 ↓SHORT confirmed at T+5 (CAR -8.01%)
T+3 said ↓SHORT at -6.53% CAR; T+5 extends to -8.01%. Drift survived the classical post-earnings window.
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Earnings drift AH · Aug 20, 08:31 PM
FN · PEAD ↓ 80
Fabrinet reported Q4 FY2026 EPS of $3.92 on 2026-08-17, beating the $3.69 consensus by $0.23 (+6.2%).
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Earnings drift Europe session · Aug 20, 11:32 AM
035720.KO · PEAD → 4
Kakao reported Q2 2026 EPS of ₩387 on 2026-08-14, missing the ₩388.91 consensus by ₩1.91 (−0.49%); prior-year EPS comparison is not available in our feed.
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Earnings drift AH · Aug 19, 11:00 PM
COHR PEAD reversal: T+3 ↑LONG faded — T+5 closes -12.31%
T+3 said ↑LONG at +6.64% CAR; T+5 reverses to -12.31%. The market re-priced the print.
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Earnings drift AH · Aug 19, 11:00 PM
CSCO PEAD continuation: T+3 ↓SHORT confirmed at T+5 (CAR -8.01%)
T+3 said ↓SHORT at -6.53% CAR; T+5 extends to -8.01%. Drift survived the classical post-earnings window.
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Earnings drift AH · Aug 19, 11:00 PM
VWS.CO PEAD continuation: T+3 ↑LONG confirmed at T+5 (CAR +18.44%)
T+3 said ↑LONG at +15.6% CAR; T+5 extends to +18.44%. Drift survived the classical post-earnings window.
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Earnings drift AH · Aug 19, 08:31 PM
NKT.CO · PEAD → 0
NKT A/S reported Q2 2026 EPS of 0.93 on 2026-08-14, beating the 0.90 consensus by 0.03 (+3.3%).
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Earnings drift AH · Aug 18, 11:00 PM
ONON PEAD continuation: T+3 ↓SHORT confirmed at T+5 (CAR -19.26%)
T+3 said ↓SHORT at -17.34% CAR; T+5 extends to -19.26%. Drift survived the classical post-earnings window.
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Earnings drift AH · Aug 18, 11:00 PM
VWS.CO PEAD continuation: T+3 ↑LONG confirmed at T+5 (CAR +17.21%)
T+3 said ↑LONG at +16.23% CAR; T+5 extends to +17.21%. Drift survived the classical post-earnings window.
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Earnings drift AH · Aug 18, 09:01 PM
ZEAL.CO · PEAD ↓ 79
Zealand Pharma reported Q2 2026 EPS of 55.34 on 2026-08-12, beating the consensus of 21.34 by 34.00 (+159.3%); year-over-year comparison is not available in current data.
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Earnings drift AH · Aug 18, 08:32 PM
ZEAL.CO · PEAD ↓ 27
Zealand Pharma reported Q2 2026 EPS of 55.34 on 2026-08-13, beating the 21.34 consensus by 34.00 (+159.3%).
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Earnings drift AH · Aug 18, 08:31 PM
NU · PEAD ↑ 45
Nu Holdings reported Q2 2026 EPS of $0.22 on 2026-08-13, beating the $0.20 consensus by $0.02 (+10.0%).
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Earnings drift AH · Aug 18, 08:31 PM
BIRK · PEAD → 0
Birkenstock reported Q3 FY2026 EPS of €0.86 on 2026-08-13, missing the €0.87 consensus by €0.01 (–1.1%); prior-year comparable EPS was not available in the data feed.
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Earnings drift AH · Aug 18, 08:31 PM
AMAT · PEAD ↓ 35
Applied Materials reported Q3 FY2026 EPS of $3.50 on 2026-08-13, beating the $3.38 consensus by $0.12 (+3.6%).
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Earnings drift Europe session · Aug 18, 11:31 AM
NKT.CO · PEAD ↑ 20
NKT A/S reported Q2 2026 EPS of 0.93 on 2026-08-12, beating the 0.90 consensus by 0.03 (+3.3%).
What PEAD cards are
Post-Earnings Announcement Drift is the tendency of a stock to keep moving in the direction of its earnings surprise for weeks after the report. It is one of the longest-documented anomalies in equity markets, first described in academic research in the late 1960s, and it persists because the market digests earnings information gradually rather than instantly.
The Closelooknet Pattern Engine measures it mechanically. Three trading days after every earnings event in our coverage, it computes the cumulative abnormal return (CAR) over the reaction window and classifies the signal as Long, Short, or None with a 0–100 conviction score.
The card publishes at T+3, once the immediate reaction has fully unfolded; the drift window it tracks runs from T+3 to T+63. Follow-up cards mark continuation or invalidation at checkpoints — a T+5 confirmation is the first.
FAQ · from the current data
Quick answers
What is Post-Earnings Announcement Drift (PEAD)?
PEAD is the tendency of a stock to keep drifting in the direction of its earnings surprise for weeks after the report, rather than repricing instantly. It is one of the most persistent documented anomalies in equity markets, known in academic research since the late 1960s.
How does Closelooknet score a PEAD signal?
The Pattern Engine computes the 3-day cumulative abnormal return (CAR) after every covered earnings event and classifies it Long, Short, or None with a 0–100 conviction score. Cards publish 3 trading days after the print; the tracked drift window runs T+3 to T+63, with continuation or invalidation marked at checkpoints along the way.
Where is the full PEAD methodology?
The methodology summary lives on the PEAD pattern page in the Lab, and the full research write-up is the post-earnings drift Lab Read. Signals are research diary readings, not investment advice.