Autodesk (NASDAQ:ADSK) is due with its Q2 results after the bell Thursday, and analysts polled by Thomson Reuters are anticipating a profit of $0.41 per share on revenue of $539 million.
ADSK is a mixed performer after earnings releases. It has widened its after-hours performance the next day following an earnings event in 17 of the last 30 quarters. Over the past year, the stock has widened its evening move in the following regular session in three of the last four quarters.
Looking deeper into the performance data, ADSK has recorded an earnings-driven extended-hours gain in 16 of the 30 quarters MidnightTrader has tracked, and in nine of those events, 56% of the time, the stock has seen a more aggressive next-day regular session gain. On the downside, ADSK has recorded an earnings-driven extended-hours decline in 14 of the 30 quarters we've followed, widening its downside move eight times, reversing direction five times, and once ending flat with its evening move.
On May 19, 2011, ADSK slipped 0.02% in evening trade after topping Q1 expectations. The stock moved lower the following day, closing the May 20 regular session down 4.6%.
On Feb. 24, 2011, ADSK edged up 0.5% in after-hours action after beating Q4 estimates and setting its Q1 guidance in a range that straddled the Street view. The stock jumped even higher the following day, closing the Feb. 25 regular session up 5.7%.
On Nov. 18, 2010, ADSK declined 4.1% in after-hours trade after meeting Q3 EPS estimates and setting its outlook below the Street view. The stock added to its downside the following day, closing the Nov. 19 regular session down 6.8%.
On August 12, 2010, the stock gained 4.1% after a Q2 beat and Q3 guidance in a range that straddles the Street view. Shares rose 2.4% the next day.
On May 19, 2010, ADSK advanced 4% in after-hours action after beating Q1 expectations and issuing guidance that straddled the Street view. The stock reversed direction the following day, closing the May 20 regular session down 6.8%.
On Feb. 23, 2010, the stock was up 5.6% in after-hours trading after a Q4 beat and in-line guidance. Shares rose a more robust 8.7% the next day.
On Nov. 17, 2009, ADSK tumbled 9.3% in after-hours action after beating profit expectations but setting its earnings guidance below Street estimates. The stock added to its downside in the Nov. 18 regular session, ending down 10.3%.
On Aug. 13, 2009, ADSK edged up 0.9% in after-hours trade after reporting better-than-expected Q2 results and issuing Q3 guidance that straddled the Street view. The stock added to its upside in the following day's regular session, ending up 4.8% on Aug. 14.
On May 21, 2009, ADSK advanced 13.3% in evening trade after reporting better-than-expected results and guidance. It narrowed its upside the following day, ending the May 22 regular session up 9.9%.
On Feb. 26, 2009, the stock fell 2.2% after beating with Q4 results but guiding below the Street for Q1. Shares tumbled 9.7% the next day.
On Nov. 20, 2008, the stock tumbled 17.9% during evening trading after a Q3 beat but Q4 guidance below the Street. The loss was pared somewhat the next day, when shares closed down 14.5%.
On Aug. 14, 2008, the stock gained 8% in the evening session after the company beat with Q2 results and guided ahead. The gain expanded to 11.7% the next day.
On May 15, 2008, the stock slipped 0.5% during evening trading after ADSK beats with results and guides mostly in line. The stock fell 0.5% the next day.
On Feb. 26, 2008, the stock dropped 10.7% during evening hours after the company reported a Q4 miss. The stock fell a deeper 15.6% the next day.
On Nov. 15, 2007, the stock fell 6.1% during evening trading after reporting ahead of the Street with Q3 earnings but setting mixed guidance. The loss was pared to 2.2% the next day.
On Aug 16, 2007, ADSK slipped 2% in night trade despite beating Q2 estimates and forecasting Q3 and FY mostly above Street views. Shares reversed those losses, though, the next day to close the regular session up 5.3%.
On May 17, 2007, ADSK firmed 0.05% in evening trade after beating Q1 sales estimates and guiding mostly higher. Shares rose further the next day, ending the regular session up 2.3%.
On Feb. 27, 2007, ADSK dropped 5.4% in after hours when the company reported Q4 sales in line with expectations and said it completed its options review with a restatement. Shares reversed those losses the next day, closing the regular session up 0.9%.
On November 16, 2006, ADSK gained 6.2% in night trade after meeting Q3 sales estimates and issuing sales guidance that?s mostly in line with expectations. The shares rose further the next day, closing the regular session up 9.5%.
On Aug. 17, 2006, ADSK slipped 3.5% in after hours despite beating Q2 sales estimates. The shares recovered a bit the next day, ending the regular session down 1%.
On May 18, 2006, ADSK slipped 0.5% in evening trade despite topping Q1 expectations and guiding mostly in line. Shares weakened further the next day, closing the regular session down 1.3%.
On February 28, 2006, ADSK gained 3.5% in night trade after topping Q4 estimates and offering in line to higher-than-expected guidance. The shares soared further the next day, ending the regular session up 10.7%.
On Nov. 17, 2005, ADSK shares fell 8.3% after it reported Q3 revenues and EPS above the First Call consensus estimate and guided mostly in line. Shares dived 17.7% the next day.
On August 18, 2005, ADSK gained 5.3% in night trade after the company beat Q2 expectations and raised its FY06 guidance. The shares edged higher the next day, ending regular-hours trading up 5.7%.
On May 19, 2005, ADSK rose 1.5% after hours after Q1 results topped estimates and the company issued in-line guidance. It made an about-face in the May 20 regular session, erasing its gain and closing down 1.8%.
On Feb. 22, 2005 ADSK advanced 1.5% in night trade after the company beat expectations and set its outlook ahead of the Street view. Buyers failed to hold the momentum on Feb. 23 and the stock closed the regular session down 4.4%.
ADSK added 6.6% the night of Nov. 18, 2004 after the company beat Q3 estimates, set a stock split, and guided higher. The stock pared back its upside momentum in the next day's regular session, closing with a 5% gain.
On Aug. 19, 2004 ADSK jumped 8.6% in night trade after blowing out expectations and guiding higher. It rose 12.5% by the next day's closing bell.
On May 18, 2004 ADSK slid 4.7% in after-hours play after the company beat estimates but guided its EPS lower. It lost 7.3% by the close on May 19.
ADSK soared 13.3% in after-hours trade on Feb. 26, 2004 after beating estimates and guiding higher. It closed the Feb. 27 regular session up a less aggressive 10.7%.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.