Sutro Biopharma, Inc.(STRO)Earnings Date, History & Expected Move

Next report
Nov 11, 2026

STRO is scheduled to report on Nov 11, 2026, usually after the market closes. Analysts expect EPS of -$1.95.

Next report
Nov 11, 2026
In 18 days · usually after close
EPS beat rate
58%
7 of 12 quarters
Avg move after earnings
±12.8%
Up 50% of the time · last 12
Options-implied move
—
No reliable options quote yet

EPS: Actual vs Estimate

Reported EPS against the consensus estimate, last 12 quarters.

Green beat or met, red missed, amber sources differ.

Stock Reaction After Earnings

Close-to-close move in the first session that reflected each report.

Dashed lines mark the average actual move (±12.8%).

Did the stock rise after good news?

The next-day move after each of its last 7 EPS beats and 5 misses.

When it beat expectations
7 reports
When it missed expectations
5 reports

In plain words: it beat expectations 7 times, but the stock still fell 3 of those 7 times.

Report by report
  • Aug '26
    Missed
    ▼ -14.9%
  • May '26
    Beat
    ▲ +1.4%
  • Mar '26
    Missed
    ▲ +10.5%
  • Nov '25
    Missed
    ▼ -12.8%
  • Aug '25
    Beat
    ▼ 0.0%
  • May '25
    Missed
    ▼ -9.4%
  • Mar '25
    Beat
    ▼ -35.2%
  • Nov '24
    Beat
    ▼ -12.9%
  • Aug '24
    Beat
    ▲ +11.5%
  • May '24
    Beat
    ▲ +2.6%
  • Mar '24
    Beat
    ▲ +27.8%
  • Nov '23
    Missed
    ▲ +14.5%

Clear beats and misses with a known reaction only. What counts as a beat

After an EPS beat
-0.7%
average next-day move · up 57% of 7 times
After an EPS miss
-2.4%
average next-day move · up 40% of 5 times

Why did STRO fall after beating earnings?

4 of STRO's last 12 reactions went against the EPS result. What stands out in each:

STRO beat EPS estimates in 7 quarters, and the stock still closed lower the next day 2 times.

  • Mar 13, 2025EPS beat +33.7%stock -35.2% next day
    • It opened 20.0% lower as soon as trading resumed.
  • Nov 13, 2024EPS beat +19.6%stock -12.9% next day
    • It had risen 5.0% in the 20 trading sessions before the report, so good news may already have been priced in.
    • It opened 1.8% lower as soon as trading resumed.

Rose despite an EPS miss (2 of 5)

  • Mar 23, 2026EPS missed -10.2%stock +10.5% next day
    • It had already fallen 9.2% in the final week before the report, so weak results may have been expected.
    • It opened 8.8% higher as soon as trading resumed.
  • Nov 13, 2023EPS missed -13.3%stock +14.5% next day
    • It had already fallen 44.2% in the 20 trading sessions before the report, so weak results may have been expected.

Patterns in estimates and prices, not confirmed causes: how we read them.

Was STRO's earnings move already priced in?

STRO's move in the month before each of its last 12 reports, against what it did after.

Avg move in the month before
-0.8%
last 12 reports
Higher before the report
50%
of the time
After a run-up of 3%+
Fell 60%
5 reports, avg -4.6%
After a drop of 3%+
Rose 60%
5 reports, avg +0.7%

How the run-up is measured (a move of 5% or more counts as large).

Before vs after each report

Grey: the month before each of the last 12 reports. Green or red: the day after.

Past reports only. How the run-up is measured

Does STRO hold its opening gap after earnings?

STRO's opening move after each report and where it closed that day.

In 9 reports STRO opened at least 1% away from the previous close. It gave back half or more of that gap by the close 2 of 9 times (22%), and fully reversed 1 time. Gaps up faded 2 of 5; gaps down recovered 0 of 4.

  • Aug 12, 2026Held
    Opened -5.8%, closed -14.9%
  • May 14, 2026Faded
    Opened +14.1%, closed +1.4%
  • Mar 23, 2026Held
    Opened +8.8%, closed +10.5%
  • Nov 6, 2025Held
    Opened -4.3%, closed -12.8%
  • May 8, 2025Reversed
    Opened +4.2%, closed -9.4%
  • Mar 13, 2025Held
    Opened -20.0%, closed -35.2%
  • Nov 13, 2024Held
    Opened -1.8%, closed -12.9%
  • Aug 13, 2024Held
    Opened +10.2%, closed +11.5%

How gaps, fades and reversals are defined

STRO earnings history

Last 12 reported quarters with the stock's reaction.

Swipe sideways to see every column →

Report dateTimeEPS est.EPS actualSurprise1-day move3-day move
Aug 12, 2026Before open-$2.29-$2.31-0.9%-14.94%-18.21%
May 14, 2026After close-$3.21-$2.94+8.4%+1.43%-17.57%
Mar 23, 2026After close-$4.43-$4.88-10.2%+10.50%+16.78%
Nov 6, 2025After close-$3.55-$5.57-56.9%-12.77%-13.83%
Aug 7, 2025After close-$5.30-$1.40+73.6%0.00%-2.50%
May 8, 2025After close-$6.32-$9.10-44.0%-9.38%-14.58%
Mar 13, 2025After close-$9.55-$6.33+33.7%-35.20%-28.00%
Nov 13, 2024After close-$7.34-$5.90+19.6%-12.88%-30.56%
Aug 13, 2024After close-$9.00-$5.61+37.7%+11.49%+30.75%
May 13, 2024After close-$9.95-$8.90+10.6%+2.60%-1.89%
Mar 25, 2024After close-$8.41$4.98+159.2%+27.83%+72.78%
Nov 13, 2023After close-$7.15-$8.10-13.3%+14.49%+13.53%

Consensus for the next report: EPS -$1.95, revenue $10.55M.

STRO Earnings FAQ

Answers computed from Sutro Biopharma, Inc.'s reported history

STRO is scheduled to report on Nov 11, 2026, usually after the market closes. Analysts expect EPS of -$1.95.

Over the last 12 quarters with a usable EPS surprise, STRO beat the consensus estimate 7 times (58%), missed 5 and landed in line 0.

Across its last 12 quarters with a measured reaction, STRO moved an average of ±12.8% in the first session after reporting. It closed higher 50% of the time; the largest gain was 27.8% and the largest drop -35.2%.

STRO 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 12 quarters with price data, STRO moved an average of -0.8% in the 20 trading sessions before reporting and was higher in 50% of them. After a run-up of 3% or more (5 quarters), it fell the next day 60% of the time, averaging -4.6%. After a drop of 3% or more (5 quarters), it rose the next day 60% of the time, averaging +0.7%. This describes past reports; it is not a forecast.

In 9 reports STRO opened at least 1% away from the previous close. It gave back half or more of that gap by the close 2 of 9 times (22%), and fully reversed once. A fade means the opening move was partly undone during the first session.

How we calculate these numbers · STRO: 12 reported quarters, latest Aug 12, 2026. Information only, not investment advice.

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