Earnings Volatility Watch: These 10 Stocks Could Swing 30% Or More This Week

Options markets are flashing elevated post-earnings volatility for a cluster of stocks reporting this week, with the Federal Reserve's policy decision on Wednesday threatening to magnify price swings.

• Capitol Federal Financial stock is trading at elevated levels. Where is CFFN stock headed?

According to Benzinga Pro, options markets are pricing in double-digit — and in some cases near-50% — post-earnings swings across a group of mostly regional banks.

Implied moves measure the size of the price swing — up or down — that options traders expect immediately after earnings, based on at-the-money straddle pricing.

Below are 10 stocks with implied moves of roughly 30% or more ahead of their upcoming earnings reports this week.

10) Beacon Financial Corp.

• Beacon Financial Corp. (NASDAQ:BBT) reports fourth-quarter results on Jan. 28 after the market close.
• Wall Street expects earnings per share of 79 cents and revenue of $224.81 million.
• Options imply a 29.48% post-earnings move.

9) ConnectOne Bancorp, Inc.

• ConnectOne Bancorp, Inc. (NASDAQ:CNOB) reports fourth-quarter earnings on Jan. 29 before the market opens.
• Consensus estimates call for 73 cents in earnings per share and $110.15 million in revenue.
• Options imply a 29.51% move.

8) High Tide Inc.

• High Tide Inc. (NASDAQ:HITI) is set to report fourth-quarter earnings on Jan. 29 after the close. High Tide is the only non-bank on the list, operating cannabis retail stores and e-commerce platforms.
• Analysts expect earnings per share of $0.01 and revenue of $114.95 million.
• The implied move stands at 30.12%.

7) Primis Financial Corp.

• Primis Financial Corp. (NASDAQ:FRST) reports fourth-quarter results on Jan. 29 after the market close.
• Estimates call for $1.10 in earnings per share on $34.98 million in revenue.
• Options price in a 31.17% swing.

6) Hope Bancorp, Inc.

• Hope Bancorp, Inc. (NASDAQ:HOPE) reports earnings on Jan. 27 before the market opens.
• Wall Street expects 26 cents in earnings per share and $142.91 million in revenue.
• The implied move reaches 32.94%.

5) West Bancorporation, Inc.

• West Bancorporation, Inc. (NASDAQ:WTBA) reports fourth-quarter earnings on Jan. 29 before the opening bell.
• Analysts expect 57 cents in earnings per share and $26.70 million in revenue.
• Options imply a 35.92% move.

4) First BanCorp

• First BanCorp (NYSE:FBP) — a regional bank operating primarily in Puerto Rico — reports earnings on Jan. 27 before the market opens.
• Consensus calls for 51 cents in earnings per share and $256.65 million in revenue.
• The implied move stands at 39.09%.

3) Provident Financial Services, Inc.

• Provident Financial Services, Inc. (NYSE:PFS) reports fourth-quarter results on Jan. 27 after the market close.
• Estimates call for earnings per share of 56 cents and revenue of $207.59 million.
• Options imply a 39.22% swing.

2) First Financial Bancorp

• Midwest lender First Financial Bancorp (NASDAQ:FFBC) reports earnings on Jan. 28 after the market close.
• Wall Street expects 56 cents in earnings per share on $245.83 million in revenue.
• Options price in a 47.50% move.

1) Capitol Federal Financial, Inc.

• Capitol Federal Financial, Inc. (NASDAQ:CFFN) tops the list with earnings due Jan. 28 before the market opens.
• Analysts expect 15 cents in earnings per share and $57.51 million in revenue.
• Options imply a massive 48.48% swing.

Data: Benzinga Pro

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