Opera Ltd(OPRA)Earnings Date, History & Expected Move

Over the last 12 quarters with a usable EPS surprise, OPRA beat the consensus estimate 8 times (67%), missed 2 and landed in line 2.

Across its last 11 quarters with a measured reaction, OPRA moved an average of ±8.4% in the first session after reporting. It closed higher 55% of the time; the largest gain was 23.4% and the largest drop -7.1%.

Options currently price a move of about ±6.9% (nearest at-the-money straddle that expires after the report). It measures the size of the expected move, not its direction. That is 0.82x its average historical move of ±8.4%, so options look fairly priced relative to history.

OPRA fell in the first session after 2 of its last 7 EPS beats (29%). A beat that was already priced in, or weaker guidance, can send a stock lower.

Across its last 11 quarters with price data, OPRA moved an average of -3.7% in the 20 trading sessions before reporting and was higher in 36% of them. After a run-up of 3% or more (3 quarters), it fell the next day 0% of the time, averaging +9.5%. After a drop of 3% or more (6 quarters), it rose the next day 50% of the time, averaging +4.2%. This describes past reports; it is not a forecast.

In 11 reports OPRA opened at least 1% away from the previous close. It gave back half or more of that gap by the close 3 of 11 times (27%), and fully reversed 3 times. A fade means the opening move was partly undone during the first session.