This research tries to find the effect of earnings per share on abnormal return
in LQ 45 list in Indonesia. Population selected in this research is all type of
companies which listed on LQ 45 for 1 year in row from 2016-2018. Purposive
sampling technique used to take the samples which results in 110 samples from
total 66 companies that fulfil the criteria of samples in this research.
Result concluded from this research will shows that earnings per share has
positive non-significant impact to abnormal return. Net profit margin also has
positive beta but non-significant impact on abnormal return. Meanwhile, return on
asset and leverage shows that it has negative and non-significant impact to abnormal
return. This study find that investor might not see earnings per share as information
content that have no impact to market reaction.