It's turning into a pretty fantastic end to the week for the S&P/ASX 200 Index (ASX: XJO) so far this Friday. At the time of writing, the ASX 200 has put on a healthy 0.91% to back over 7,100 points. But the same sadly can't be said for the A2 Milk Company Ltd (ASX: A2M) share price.
A2 Milk shares are doing ok today. But nothing too fantastic. The ASX dairy share has gained a tentative 0.2% at present to $4.90 a share. Saying that, A2 Milk shares spent most of the morning in negative territory. The company even plunged down to $4.84 soon after market open before recovering to the current level.
So what's going on with the A2 Milk share price this Friday?
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Why are A2 Milk shares lagging the market on Friday?
Well, there hasn't been any news or announcements out of the company today. However, investors might be wetting their whistles in anticipation of A2 Milk's upcoming earnings report. A2 Milk is scheduled to deliver its full-year earnings for the 2022 financial year on Monday next week (29 August).
Given the, frankly, disastrous few months and years the A2 Milk share price has gone through, no doubt this earnings report is highly anticipated.
Even after today's gains, the A2 Milk share price has lost 12.37% year to date in 2022 so far. The company is also down by 19.2% over the past 12 months. It remains a depressing 75% or so away from the all-time high of over $20 that we saw back in mid-2020.
So no doubt shareholders will be hoping A2 Milk can pull a game-changer of a rabbit out of its hat next week. But we shall have to wait and see.
In the meantime, the current A2 milk share price gives this ASX 200 dairy share a market capitalisation of $3.63 billion.
