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Hovnanian Enterprises (NYSE:HOV) is due with its Q4 results after the close today. The Thomson Reuters mean analyst estimate is for a loss of $0.38 per share on revenue of $336 million.

HOV has widened its share move 15 times and reversed its move between the extended-hours and following day's regular session 12 times over the last seven years of earnings that we've tracked. In a recent quarter, the stock declined in the after hours following its earnings report and followed that move with the same negative percentage trade in the following day's regular session.

Looking deeper into the performance data, HOV has recorded an earnings-driven after hours gain in 11 quarters we've tracked. It has added to its upside in next-day trade in six of those quarters, or 55% of the time. On the downside, HOV has recorded an earnings-driven after-hours decline in 17 quarters, and widened its downside the following day in nine of those events, or 53% of the time.

  • On Sept. 7, 2011, HOV gained 2.4% In after hours action after posting a year-over-year decline in Q3 revenue and a narrower loss. The stock reversed direction the following day, closing the Sept. 8 regular session down 0.6%.
  • On June 7, 2011, HOV declined 4.7% in after-hours trading after reporting a year-over-year revenue decline and a wider loss. The stock headed further south the next day, closing the June 8 regular session down 11.5%.
  • On March 1, 2011, HOV gained 1.3% in evening trading after beating Street estimates. It lost about half that gain in the following day's regular session, advancing 0.7% by the close on March 2.
  • On Dec. 21, 2010, HOV fell 2.5% in after-hours trading after reporting a wider-than-expected Q4 loss. The stock closed the Dec. 22 regular session with the same 2.5% decline.
  • On Sept. 1, 2010, HOV advanced 1.9% in after-hours action after reporting a year-over-year decline in Q3 revenue and a narrower loss. The stock firmed higher in the next day's regular session, closing up 5.4% on Sept. 2.
  • On June 2, 2010, HOV slipped 0.6% in after-hours trading after reporting a year-over-year decline in Q2 revenue and a narrower loss. The stock headed deeper in the red the next day, closing the June 3 regular session down 14.3%.
  • On March 2, 2010, HOV advanced 3.7% in evening trading after reporting Q1 revenue in line with expectations. The stock added to its upside the following day, closing the March 3 regular session up 4.2%.
  • On Dec. 16, 2009, HOV slumped 8.9% in after-hours trading after missing Q4 expectations. The stock cut its downside the following day, ending the Dec. 17 regular session down 6.3%.
  • On Sept. 2, 2009, HOV shed 8.6% in after-hours trading after missing revenue expectations. The stock headed deeper in the red the next day, closing the Sept. 3 regular session down 12.9%.
  • On June 2, 2009, HOV declined 2.6% in after-hours trading after reporting a rise in Q2 revenue on a narrower loss. The stock added to its downside the following day, ending the June 3 regular session down 6.6%.
  • On March 10, 2009, HOV declined 1.6% in after-hours trading after reporting a deeper loss on weaker revenue. The stock reversed course the following day, rising 8% by the closing bell on March 11.
  • On Dec. 16, 2008, HOV declined 9.4% in after-hours trading after reporting a deeper-than-expected loss and missing revenue estimates. It cut back a good chunk of that decline the following day, closing the Dec. 17 regular session down 5.3%.
  • On Sept. 3, 2008, the stock fell 10.3% during evening trading after HOV reported a wider loss and lower revs than the year-earlier period. The loss swelled to 17.4% during the regular session the next day.
  • On June 4, 2008, HOV declined 6.9% in pre-market trading after reporting a weaker year-over-year Q2. The stock headed lower in that day's regular session, finishing down 10%.
  • On March 10, 2008, the stock gained 3.1% during evening trading as revenue was below year ago levels but beats Street view. The gain swelled to 16.4% the next day.
  • On Dec. 19, 2007, HOV fell 6.5% after a sales beat but a loss per share much wider than the year-ago quarter. The regular session loss was a deeper 11.4%.
  • On Sept. 6, 2007, HOV gained 3% in evening activity after meeting Q3 sales estimates but reporting a loss from a profit a year ago. Shares gave up all those gains and more the following day. HOV ended the next regular session down 7.1%.
  • On May 31, 2007, HOV lost 1.8% in after hours trading when the company reported a wider Q2 loss than expected with revenues about meeting. Shares fell further the next day and closed the regular session down 4.5%.
  • On March 8, 2007, HOV edged up 2.9% in night trading after reporting a Q1 profit without items and forecasting a Q2 loss. However, shares could not hold onto that upward momentum and fell 4.1% the next day session.
  • On Dec. 18, 2006, the stock fell 4.8% in the evening hours after the company reported a swing to a loss. The loss was reined in to 1.9% the next day.
  • On Sept. 6, 2006, shares were up 1.3% in the evening hours after the company reported ahead of the Street with its Q3 results and guided for FY 2007 EPS in line with forecasts. The gain expanded to 6.3% the next day.
  • On May 31, 2006, shares were up 1.2% in the evening hours after the company reported ahead of the Street with Q2 results. The stock advanced 4.5% the next day.
  • On March 1, 2006, HOV gained 1.4% in the evening session after reporting Q1 EPS a penny ahead of the Street. Its guidance was updated to reflect forecasts for a slower home-building market. The gain narrowed to 0.6% the next day.
  • On Dec. 7, 2005, HOV slipped 1.4% in night trading after the company beat Q4 estimates but guided for lower-than-expected Q1 earnings. Shares regained some ground the next day, ending the regular session up 0.08%.
  • On Sept. 7, 2005 HOV lost 7.8% in after-hours trading after the company missed earnings expectations and set a weaker-than-expected EPS view. It narrowed the downside slightly on Sept. 8, closing the regular session down 6.8%.
  • On May 31, 2005, HOV fell 4.5% after hours after beating the First Call Q2 EPS forecast by a penny but falling short on revenue. The stock found somewhat more support in the June 1 regular session, slipping only 2.1%.
  • On March 2, 2005, HOV was up 1.6% after the company reported results up from year-ago levels and raised its guidance. The stock edged up a bit more the following regular session, closing March 3 trade with a 1.9% rise.
  • On Dec. 7, 2004, HOV slid 0.3% in after-hours trading on the back of higher year-over-year results and guidance ahead of expectations. The stock maintained its descent on Dec. 8 and ultimately lost 3.3% by the closing bell.
Source: Hovnanian: Opportunities For Longs And Shorts In Earnings-Driven After Hours Trade