NetApp (NASDAQ:NTAP) is slated to release its Q4 results after the close tonight (May 25), and analysts polled by Thomson Reuters are expecting the company to post a profit of $0.53 per share on revenue of $1.38 billion.
NTAP has reversed its after-hours move the next day in 16 of the last 31 earnings events.
Looking deeper into the performance data, NTAP has recorded an earnings-driven after-hours decline in 18 of the 31 quarters MidnightTrader has tracked. It has reversed direction in the following regular session in 11 of those events, or 61% of the time. On the plus side, NTAP has recorded an earnings-driven after-hours gain in 13 of the 31 quarters we've followed, adding to its evening movement in next-day action in eight quarters, or about 62% of the time.
On Feb. 16, 2011, NTAP dropped 3.9% in evening trade after posting weaker-than-expected Q3 sales and setting Q4 EPS guidance below expectations. The stock headed deeper south in the Feb. 17 regular session, ending down 6.4%.
On Nov. 17, 2010, NTAP firmed 1.6% in after-hours trade after beating Q2 expectations and setting mixed guidance for Q3. The stock soared higher the following day, closing the Nov. 18 regular session up 7.8%.
On Aug. 18, 2010, NTAP declined 4.7% in after-hours trade after beating Q1 estimates and issuing mixed Q2 guidance. The Stock reversed direction the next day, closing the Aug. 19 regular session up 3.5%.
On May 26, 2010, the stock gained 6.1% after an earnings, guidance beat. Shares jumped 17.7% the next day.
On Feb. 17, 2010, NTAP advanced 3.3% in evening trade after reporting better-than-expected results and guidance. The stock lost its gain the following day, ending the Feb. 18 regular session down 1.2%.
On Nov. 18, 2009, NTAP was up 3.6% during evening trading after a Q2 beat and Q3 guidance in line to above Street view. Shares rose 4% the next day.
On Aug. 19, 2009, NTAP slumped 4.8% in evening trade despite topping quarterly expectations. It headed deeper in the red the following day, closing the Aug. 20 regular session down 5.8%.
On May 20, 2009, NTAP dipped 2% in evening trade after reporting a year-over-year decline in profits. The stock found firmer footing the following day, turning around to post a 3.1% gain in the May 21 regular session.
On Feb. 11, 2009, the stock fell 7.5% during evening trading after NTAP reported in line with EPS but missed with revenue. Shares rebounded to close up 7.8% the next day.
On Nov. 12, 2008, NTAP advanced 5.3% in after-hours trade after beating Q2 expectations. The stock added to its upside in the Nov. 13 regular session, rising 16.8% by the closing bell.
On Aug. 13, 2008, the stock fell 4.2% during evening trading after reporting a revenue beat, a match on earnings and in line guidance. The loss was trimmed just slightly the next day, to 4%.
On May 21, 2008, the stock dropped 10.8% during evening trading after missing with EPS. The loss was more than halved, to 4.6%, the next day.
On Feb. 13, 2008, NTAP declined 2.4% in after-hours trade after beating on Q3 but also setting Q4 guidance below expectations. The stock headed even lower the next day, closing out the Feb. 14 regular session down 5.8%.
On Nov. 14, 2007, NTAP declined 1.3% in evening trade after reporting better-than-expected results and guidance. It added to its downside the following day, losing 1.5% by the closing bell on Nov. 15.
On Aug 15, 2007, NTAP gained 5% in night trade after beating Q1 estimates and forecasting Q2 in line to above Street views. It also announced a stock buyback. However, shares lost some ground and closed the next day session up 4.6%.
On May 23, 2007, the stock cratered 19.6% in the evening hours after reporting in line with EPS but guiding lower. The loss was reined in somewhat the next day, when shares ended down 16.5%.
On Feb. 14, 2007, NTAP eased 2.8% in night trade despite beating Q3 expectations. However, shares bounced back and ended the next day session up 4.9%.
On Nov. 15, 2006, NTAP slipped 0.03% in the evening session after reporting ahead of the Street and offering upbeat guidance. Shares rebounded to gain 5.1% the next day.
On Aug. 16, 2006, the stock fell 2.1% in the after hours session after the company topped Q1 estimates and guided above the Street view. The loss was pared to just 0.1% by close of trading the next day.
On May 24, 2006, NTAP dipped 0.2% in after hours despite beating Q4 revenue and meeting sales estimates. The company also guided mostly higher. The shares eased slightly more the next day, ending the regular session down 0.3%.
On February 15, 2006, NTAP jumped 10.6% in night trade after beating Q3 estimates and issuing guidance that was mostly above expectations. The shares, though, eased back slightly the next day, ending the regular session up 7.7%.
On Nov. 16, 2005, NTAP advanced 4.1% in evening trade after the company topped Q2 expectations and guided its full year outlook above estimates. It firmed for a 4.8% gain in the Nov. 17 regular session.
On Aug. 17, 2005, NTAP gained 7.2% after topping Q1 estimates and guiding FT EPS above expectations. It narrowed its upside in the Aug. 18 regular session, rising only 2.3%.
On May 24, 2005, NTAP fell 6% after hours after beating Street revenue targets and matching on EPS. Its volatility was curbed in the May 25 regular session, when it closed down 4.8%.
The stock tumbled 11.8% the night of Feb. 15, 2005, after the company beat estimates but set its outlook short of expectations. It narrowed its downside the following day, closing the Feb. 16 regular session down 7.6%.
NTAP jumped 10.5% the night of Nov. 16, 2004, after the company reported better-than-expected results and set its FY05 EPS outlook ahead of Street estimates. The stock closed out the Nov. 17 regular session up a more robust 18.1%.
NTAP beat expectations and guided its revenue outlook higher the night of Aug. 17, 2004, and the stock ran up 8.1% in after-hours trade. It closed the next day's regular session up 13.2%.
On May 18, 2004, NTAP dipped 6% in night trade on strong results and guidance and followed that move with a 6.7% decline in the following day's bell-to-bell action.
On Feb. 17, 2004, NTAP bested the Street view and guided higher. It rose 9.3% in night trade, only to see some narrowing the next day, adding 6.1%.
Back on Nov. 18 of 2003, NTAP declined 6% in after-hours trade on in-line results. It lost 9.2% in the Nov. 19 regular session.
Finally, on Aug. 19, 2003, NTAP jumped 12.8% in after-hours trade on better-than-expected results and guidance. It climbed 15.6% in the Aug. 20 regular session.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.