STAAR Surgical Reports Wednesday With Sales That More Than Doubled
Note: These figures reflect diluted GAAP earnings per share, reported before non-recurring items, and may differ from the non-GAAP figures used by some sources.
Part 2.1: Price Behavior Around Earnings
STAA reports after market close, meaning Day 0 captures anticipatory trading before results are released, while Day +1 represents the first full session where the market reacts to actual earnings.
| Earnings Date | Day 0 Move | Day 0 Range | Day +1 Move | Day +1 Range |
|---|---|---|---|---|
| 2026-05-13 | +$1.22 (+4.33%) | $1.95 (6.90%) | +$2.61 (+8.88%) | $4.46 (15.17%) |
| 2026-03-03 | -$0.13 (-0.68%) | $0.68 (3.60%) | +$0.30 (+1.59%) | $1.88 (9.94%) |
| 2025-11-05 | -$0.03 (-0.12%) | $0.45 (1.78%) | +$1.38 (+5.47%) | $1.67 (6.61%) |
| 2025-08-06 | -$0.12 (-0.44%) | $0.29 (1.07%) | +$0.05 (+0.19%) | $0.10 (0.37%) |
| 2025-05-07 | +$0.80 (+4.29%) | $1.45 (7.78%) | +$0.09 (+0.46%) | $2.06 (10.60%) |
| 2025-02-11 | -$0.73 (-3.23%) | $0.78 (3.45%) | -$5.40 (-24.68%) | $3.13 (14.31%) |
| 2024-10-30 | -$0.80 (-2.64%) | $1.35 (4.46%) | -$0.50 (-1.70%) | $3.63 (12.31%) |
| 2024-08-07 | -$1.54 (-4.06%) | $3.01 (7.94%) | +$4.01 (+11.03%) | $4.15 (11.42%) |
| Avg Abs Move | 2.48% | 4.62% | 6.75% | 10.09% |
Historical price action shows significant volatility around earnings releases, with an average absolute Day 0 move of 2.48% expanding to 6.75% by Day +1. The Day +1 range averages 10.09%, indicating substantial intraday volatility as the market digests results.
The most dramatic reaction came after the February 2025 report, which produced a -24.68% Day +1 move with a range of 14.31%. More recently, the May 2026 earnings (the most recent report) generated a +4.33% Day 0 move and +8.88% Day +1 move, with a 15.17% Day +1 range—reflecting the massive earnings beat. The pattern suggests STAA's post-earnings moves are heavily driven by the magnitude and direction of the earnings surprise, with beats typically producing strong positive reactions and misses triggering sharp selloffs.
Part 2.2: Options Market Expected Move
| Metric | Value |
|---|---|
| Expiration Date | 08/21/26 (DTE 10) |
| Expected Move | $2.35 (9.43%) |
| Expected Range | $22.62 to $27.32 |
| Implied Volatility | 76.26% |
The options market is pricing a 9.43% expected move (±$2.35) for the August 21 expiration, which is notably higher than the historical average Day +1 move of 6.75% but below the 10.09% average Day +1 range. This suggests options traders are anticipating above-average volatility but not an extreme outlier move, despite STAA's history of dramatic post-earnings swings.
Part 3: What Analysts Are Saying
Analyst sentiment on STAA is mixed and has recently deteriorated. The consensus rating stands at 3.33 (between Hold and Buy), with an average price target of $29.33—implying 17.6% upside from the current price of $24.94.
The 12-analyst coverage breaks down as 3 Strong Buys, 0 Moderate Buys, 8 Holds, 0 Moderate Sells, and 1 Strong Sell. This distribution reflects a cautious stance, with two-thirds of analysts sitting on the sidelines in Hold ratings. Price targets range widely from a low of $20.00 to a high of $40.00, underscoring the uncertainty around STAA's valuation.
Sentiment has deteriorated over the past month, with the number of Strong Buys increasing from 2 to 3, but a new Strong Sell rating appearing (up from 0) and Holds declining from 9 to 8. The average recommendation has edged slightly more negative from 3.36 to 3.33. This shift suggests some analysts are growing more polarized in their views—either increasingly bullish or newly bearish—rather than converging on a consensus outlook.
Part 4: Technical Picture
STAA enters earnings with a mixed technical setup. The Barchart Technical Opinion currently shows a 24% Buy signal, a significant improvement from last week's 8% Sell signal but weaker than last month's 40% Buy signal. This recent volatility in the technical indicator reflects the stock's choppy price action heading into the report.
Timeframe Analysis:
- Short-term (Hold): Neutral signal suggests near-term momentum has stalled after recent gains
- Medium-term (50% Buy): Moderate buy signal indicates some positive momentum in the intermediate timeframe
- Long-term (50% Buy): Moderate buy signal reflects a constructive longer-term trend despite recent weakness
Trend Characteristics: The signal strength is at Minimum with the Weakest direction, indicating a fragile technical environment with limited conviction heading into earnings.
The stock is currently trading at $24.94, positioned above its 5-day ($24.05), 10-day ($24.12), 20-day ($24.56), and 200-day ($24.28) moving averages, but below its 50-day ($27.06) and 100-day ($26.29) averages. This configuration suggests the stock has found support at its long-term trend but remains in a downtrend from its recent highs.
| Period | Value | Period | Value |
|---|---|---|---|
| 5-Day MA | $24.05 | 50-Day MA | $27.06 |
| 10-Day MA | $24.12 | 100-Day MA | $26.29 |
| 20-Day MA | $24.56 | 200-Day MA | $24.28 |
The key technical level to watch is the 50-day moving average at $27.06, which has acted as resistance and represents a 8.5% gain from current levels. A strong earnings beat could propel the stock back above this threshold and potentially challenge the 100-day average. Conversely, a disappointment could test support at the 200-day moving average of $24.28, with the stock currently trading just 2.7% above that level. The overall technical setup is cautiously neutral—the stock has stabilized near long-term support, but the weak trend characteristics and positioning below intermediate-term averages suggest limited technical momentum heading into what is likely to be a volatile earnings reaction.