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Skyworks Solutions (NASDAQ:SWKS) is due to report Q1 results after the bell tonight, and Wall Street is looking for earnings per share of $0.50 on revenue of $389 million, according to analysts polled by Thomson Reuters.

SWKS has demonstrated a slight tendency over the past seven years to widen its after hours price moves in the next day's regular session following its earnings reports. It has done so following 16 out of 29 reports. There was one event where the stock recorded flat evening trade followed by a next-day decline.

Looking deeper into the performance data between the sessions, SWKS is a steady mover for both longs and shorts to watch tonight. The stock has recorded 14 earnings-driven after hours upside moves in the 29 quarters we've tracked, and in eight of those events (57% of the time) it saw its gain expand in the next day's regular session. On the short side, SWKS has recorded 14 earnings-driven after hours declines over the last 29 quarters, and in seven of those events (50% of the time) it saw deeper moves into the red in next-day trade.

Here's the history:

  • On Nov. 3, 2011, the stock fell 4.4% after SWKS topped estimates but also issued earnings guidance below expectations. Shares rebounded with a 6.5% gain the next day.
  • On July 21, 2011, the stock rose 8.8% in after-hours trading after an earnings and guidance beat. Shares surged 18.9% the next day.
  • On April 28, 2011, the stock jumped 14.5% in after-hours trading following its earnings report. Shares nearly matched that move the next day, when the stock closed up 14.3%.
  • On Jan. 20, 2011, SWKS declined 2.7% in evening trading even after posting better-than-expected results and guidance. The stock added modestly to the downside the following day, closing the Jan. 21 regular session down 2.8%.
  • On November 4, 2010, the stock fell 1.1% despite an earnings beat. Shares rebounded to gain 2% the next day.
  • On July 22, 2010, SWKS declined 4.1% in evening trading despite beating on revenue and earnings. The stock reversed course the following day, closing the July 23 regular session up 3.8%.
  • On April 29, 2010, SWKS gained 3% in evening trading after reporting better-than-expected results and guidance. The stock tracked slightly higher the following day, closing the April 30 regular session up 3.6%.
  • On Jan. 20, 2010, SWKS declined 3.8% in evening trading despite posting better-than-expected results and guidance. The stock cut its downside the following day, ending the Jan. 21 regular session off a more modest 1.4%.
  • On Nov. 5, 2009, SWKS advanced 4.2% in after-hours trading after reporting better-than-expected results and guidance. The stock headed higher the following day, ending the Nov. 6 regular session up 9.4%.
  • On July 22, 2009, the stock fell 3.8% despite a Q3 beat and Q4 guidance above the Street view. Shares gained 5.3% the next day.
  • On April 23, 2009, SWKS ended the after-hours flat despite reporting better-than-expected results and guidance. The stock declined the following day, ending the April 24 regular session off 8.3%.
  • On Feb. 5, 2009, SWKS jumped 11.5% in after-hours trading after beating earnings expectations and setting guidance in-line to ahead of the Street view. The stock surged to a 35% gain in the Feb. 6 regular session.
  • On Nov. 6, 2008, SWKS firmed 13.7% in evening trading after reporting better-than-expected results and guidance. The stock lost its gain the next day, closing the Nov. 7 regular session down 1.8%.
  • On July 17, 2008, SWKS advanced 2.5% in after-hours trading on the back of results and guidance that topped the Street view. The stock turned south the following day, losing 5.5% by the closing bell on July 18.
  • On April 22, 2008, SWKS jumped 8.9% in evening action after beating earnings expectations by a penny and setting its revenue guidance above the Street view. The stock soared higher the next day, rising 15.2% by the regular session close on April 23.
  • On Jan. 17, 2008, SWKS advanced 4.8% in after-hours trading after topping the Q1 Street view and setting its Q2 guidance ahead of expectations. It soared even higher the following day, rising 16.4% by the closing bell on Jan. 18.
  • On Nov. 1, 2007, SWKS gained 3.3% in after-hours trading after beating expectations by a penny and guiding earnings in-line to higher. It saw that gain narrow slightly the next day, ending the Nov. 2 regular session up 2.1%.
  • On July 18, 2007, SWKS inched up 2.3% in night trading after topping Q3 EPS estimates. Shares rose further the next day, closing the regular session up 7.6%.
  • On April 25, 2007, the stock gained 6.8% in the evening hours after beating with sales and reporting in line with EPS. The gain swelled to 20.9% the next day.
  • On Jan. 25, 2007, the stock fell 2.5% in the evening hours after the company topped with EPS but missed with sales and guided in line. The loss was 3.8% the next day.
  • On Nov. 1, 2006, the stock was up 3.9% after the company topped with Q4 EPS but missed with sales. The gain expanded to 6% the next day.
  • On the evening of July 20, 2006, SWKS fell 5.4% in the evening session after matching with EPS and guiding below the Street's view. The stock fell a deeper 9.9% the next day.
  • On April 24, 2006, SWKS lost 6.4% in after-hours trading despite the company's topping Q2 estimates and guiding Q3 higher. The shares pared their losses the next day but still ended the regular session down 4.8%.
  • On Jan. 25, 2006, SWKS dropped 6.1% in the evening session after the company reported results and widened that move to 10.5% the following day.
  • On Nov. 2, 2005, SWKS fell 6.2% following word that Q4 revenue of $190.2 million was just shy of the FC mean of $191 million; EPS matched at $0.04. Shares dropped 11.7% the next day.
  • On July 21, 2005, SWKS lost 2.1% in evening trading after the company reported Q3 revenues that just missed estimates although it beat earnings expectations. The shares cut their losses the next day, ending the regular-hours session down 1.3%.
  • On April 27, 2005, SWKS jumped 3.6% after matching Street estimates, but guiding 3Q below the Street view. It reversed direction in the April 28 regular session, falling 1.9%
  • On Jan. 19, 2005, SWKS fell 1.3% after hours after meeting expectations, but guiding for weaker-than-expected sales. It widened its loss in the Jan. 20 regular session, closing down 4.3%.
  • On Oct. 27, 2004, SWKS slid 6.7% despite beating the Street target by 1 cent and forecasting modest revenue growth. It widened this loss in the Oct. 28 regular session, falling 7.5%.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Skyworks Solutions: Short And Long Plays After Earnings