Buffalo Wild Wings (NASDAQ:BWLD) is due with its Q3 earnings results in tonight's after hours session. The mean analyst estimate in a Thomson Reuters survey looks for EPS of $0.59 on $191 million in revenue.
In the last six years, BWLD has shown a tendency to widen its after hours move the next day following an evening earnings event. It has done so 13 times in 23 quarters. In the near-term, the stock has reversed direction between the sessions in three of the last four quarters.
Looking deeper into the data, bulls take note: The stock has recorded post-earnings gains in 12 quarters, widening that move nine times, or 75% of the time.
Wider next-day moves have followed evening declines five times in 11 quarters, or 45% of the time.
On July 26, 2011, BWLD declined 1.9% in after-hours trading after coming in shy of earnings estimates and beating with sales. The stock cut its downside the next day, ending the July 27 regular session off 0.6%.
On April 26, 2011, BWLD firmed 4.7% in after hours trading on better-than-expected Q1 results. The stock lost its upside the following day, closing the April 27 regular session down 1%.
On Feb. 8, 2011, BWLD advanced 3.8% in night trading after topping Q4 expectations. The stock leaped higher the following day, closing the Feb. 9 regular session up 12.8%.
On Oct. 26, 2010, BWLD declined 6.2% in evening trading after beating Q3 expectations and guiding for flat same-store sales. The stock cut its downside the following day, closing the Oct. 27 regular session down 3.5%.
In July 27, 2010, the stock gained 7.7% after the company beat with Q2 results. Shares rose a tamer 2.2% the next day.
On April 27, 2010, BWLD tumbled 21.2% in evening trading after reporting disappointing Q1 results. The stock cut its downside the following day, ending the April 28 regular session down 17%.
On Feb. 11, 2010, BWLD tumbled 13.3% in after-hours trading after missing Q4 expectations. It narrowed its downside a bit the following day, ending the Feb. 12 regular session off 11.2%.
On Oct. 27, 2009, BWLD shed 3.9% in evening action after missing Q3 revenue expectations and meeting on earnings. The stock saw it downside cut back the following day, closing the Oct. 28 regular session down 1.8%.
On July 27, 2009, the stock gained 1.9% after BWLD reported ahead of the Street with Q2 results. Shares gained a stronger 5.9% the next day.
On April 28, 2009, the stock tumbled 9.8% during evening trading after the company narrowly beat with EPS and reaffirmed its growth expectations. The loss was trimmed to 5.5% the next day.
On Feb. 11, 2009, the stock was up 18.9% after a Q4 beat. Shares jumped 34.2% the next day.
On Oct. 27, 2008, the stock tumbled 10.1% during evening trading after BWLD EPS improved from the year-ago quarter though missed the Street view, and revenue beat. The loss increased to 13.9% by the final bell the next day.
On July 29, 2008, BWLD advanced 12.8% in evening trading after handily beating Street estimates for its Q2. The stock saw its gain scale back the following day, ending the July 30 regular session up 7.5%.
On April 29, 2008, the stock gained 12% during evening trading after the company reported results well ahead of the year-ago period. The gain increased to 18.8% the next day.
On Feb. 12, 2008, BWLD jumped 10.8% in after-hours trading after beating Q4 earnings expectations and issuing largely upbeat guidance for 2008. The stock firmed higher the following day, gaining 12.1% by the Feb. 13 closing bell.
On Oct. 30, 2007, BWLD tumbled 13.1% in evening trading after reporting Q3 earnings shy of expectations. It continued heading lower into the Oct. 31 regular session, losing 21.2% by the closing bell.
On July 31, 2007, BWLD slid 11.5% in night trading after missing Q2 sales estimates and meeting on EPS. Shares fell further the next day, ending down 16.9% in the regular session.
On May 1, 2007, BWLD gained 5.3% in after hours when the company beat Q1 expectations. Shares soared the following day, closing the regular session up 14.4%.
On Feb. 15, 2007, BWLD rallied 8.9% in night trading after topping Q4 sales estimates. Shares rose a bit further the next day, ending the regular session up 9.6%.
On Oct. 24, 2006, the stock jumped 11.3% in the evening session courtesy of Street-beating earnings results. The gain swelled to 19.1% the next day.
On July 25, 2006, BWLD dropped 3.8% in night trading despite improved Q2 results from a year ago and a forecast for higher Q3 sales. Shares tumbled further the next day, closing the regular session down 11.3%.
On April 25, 2006, BWLD eased 1.5% despite beating Q1 estimates and predicting Q2 sales to be in line to above forecasts. Shares recovered slightly, ending the next day session down 1.2%.
On February 7, 2006, BWLD jumped 5.1% after matching Q4 sales estimates and forecasting for Q1 sales to be above expectations. The shares climbed higher the next day, ending the regular session up 9.3%.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.