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Nike (NKE) is mostly mixed in its historical earnings-driven after-hours trade, but it does offer a slightly better opportunity for longs. Even on a downside after-hours trade the stock could still have legs for longs. For shorts, any negative trade tonight may offer reason to be cautious.

NKE has recorded an earnings-driven after-hours decline in 12 quarters tracked in our database. In seven of those quarters, or 58% of the time, NKE has seen its evening declines reverse direction in the following day's regular session. Longs watch it carefully; shorts be wary.

The upside on NKE is about evenly mixed. NKE has recorded an earnings-driven after-hours gain in 18 quarters tracked in our database. In nine of those quarters, or 50% of the time, the stock added to its upside the following day. In the other quarters, the stock reversed direction eight times and once held steady with its evening move the next day.

NKE is slated to report its Q4 results in the extended-hours today, and analysts polled by Capital IQ are expecting the footwear maker to post a profit of $1.37 per share on revenue of $6.51 billion.

Here's the history:

  • On March 22, 2012, NKE edged up 0.25% in evening trade after beating on Q3 earnings and meeting on revenue. The stock slid into the red the next day, closing the March 23 regular session off 3.2%.
  • On Dec. 20, 2011, NKE advanced 2.7% in after-hours trade after beating Street estimates. The stock moved higher the next day, closing the Dec. 21 regular session up 2.9%.
  • On Sept. 22, 2011, NKE gained 5.7% in after-hours action after topping Q1 estimates. The stock held most of its gain the next day, ending the Sept. 23 regular session up 5.3%.
  • On June 27, 2011, NKE gained 4.3% in night trade on the back of better-than-expected Q4 results. The stock surged higher the next day, closing the June 28 regular session up 10.1%.
  • On March 17, 2011, NKE slumped 6.5% in after-hours trade after posting weaker-than-expected Q3 earnings. The stock added to its downside the following day, closing the March 18 regular session down 9.1%.
  • On Dec. 21, 2010, NKE declined 5.3% in evening trade after about meeting Q2 revenue estimates and beating on EPS. The stock slipped lower the following day, closing the Dec. 22 regular session down 5.8%.
  • On Sept. 23, 2010, NKE gained 5.1% in after-hours action after topping Q1 expectations. The stock cut its upside the following day, closing the Sept. 24 regular session with a more modest 2.4% advance.
  • On June 23, 2010, NKE declined 2.3% in evening trade after posting Q4 results in line with estimates. The stock dropped further the following day, closing the June 24 regular session down 3.9%.
  • On March 17, 2010, NKE firmed 3.4% in after-hours action after beating Q3 estimates. The stock jetted higher the following day, closing the March 18 regular session up 5.3%.
  • On Dec. 17, 2009, NKE advanced 2.4% in evening trade after meeting revenue expectations and beating on earnings. The stock saw its upside cut back the next day, closing the Dec. 18 regular session with a 1.8% rise.
  • On Sept. 29, 2009, NKE firmed 4.1% in after-hours trade after beating earnings expectations. The stock soared higher the following day, ending the Sept. 30 regular session up 7.6%.
  • On June 24, 2009, NKE declined 4.7% in evening trade after meeting revenue expectations and beating earnings estimates. The stock narrowed its downside the following day, ending the June 25 regular session down 3.2%.
  • On March 18, 2009, NKE declined 4.1% in after-hours trade after meeting revenue expectations and beating on earnings. The stock reversed direction the following day, closing the March 19 regular session up 1.2%
  • On Dec. 17, 2008, the stock fell 2.3% in the evening session after reporting ahead of the Street by 2 cents with its latest earnings and meeting with sales. The stock rebounded to gain 4% the next day.
  • On Sept. 24, 2008, the stock gained 4.6% in evening trading after a Q1 beat. The gain improved to 9.6% the next day.
  • On June 25, 2008, NKE shed 5.3% in after-hours trade despite reporting improved year-over-year results that topped the Street view. The stock continued lower the next day, losing 9.8% in the June 26 regular session.
  • On March 19, 2008, the stock gained 3.5% in evening trading after the company beat with Q3 results. The gain widened to 8.8% the next day.
  • On Dec. 19, 2007, NKE gained 2.4% during evening trading after beating its year-ago Q2 results. The gain improved to 3.4% the next day.
  • On Sept. 20, 2007, the stock managed a slim 0.7% gain in evening trading after NKE reported ahead of the Street with Q1 results. Shares turned lower, ending down 1.8% the next day.
  • On June 26, 2007, NKE gained 5.4% after reporting ahead of the Street with Q4 sales results. The gain expanded to 8.3% the next day.
  • On March 22, 2007 NKE slipped 2.6% in night trade despite topping Q3 EPS estimates and meeting on sales. However, shares recovered the next day to end the regular session up 0.4%.
  • On Dec. 20, 2006, the stock fell 1.5% in the evening hours even after the company reported well ahead of the comparable quarter a year earlier. Shares rebounded to put up a modest 0.5% gain at the close of trading the next day.
  • On Sept. 21, 2006, NKE gained 5.5% in night trade after topping Q1 expectations. The gained edged back a bit the next day, closing the Sept. 22 regular session up 4.7%.
  • On June 27, 2006, NKE dipped 1.4% after missing Q4 EPS estimates by a penny. Shares fell further the next day, closing the regular session down 4.6%.
  • On March 21, 2006, NKE shares slipped 0.6% in after-hours trade after the company reported better-than-expected Q3 results. This slight negative turn was short-lived as NKE turned firmly into the green on March 22, ending the regular session up 2.2%.
  • On December 20, 2005, NKE fell 3.4% in evening trade despite beating Q2 expectations. The shares made up some ground the next day, ending the regular session down 3%.
  • On Sept. 19, NKE advanced 6.3% in pre-market trade after the company topped Q2 Street expectations. Buyers maintained this upside through the regular session and closed the issue at the same plus-side 6.3% move.
  • On June 27, 2005, NKE edged up 0.7% in pre-market trade after the company beat Street expectations. That gain slipped away in the June 27 regular session as NKE ended the day down 4%.
  • On March 17, 2005, NKE added just 0.4% in after-hours trade after the company topped the then-current view held by analysts. The stock lost that modest upside as well, declining 1.6% between the bells on March 18.
  • On Dec. 16, 2004, NKE gained 3.6% in evening play after outpacing the Street view. The stock surged a more aggressive 6.7% in the Dec. 17 regular session.
Source: Nike Ekes Out Favorable Post-Earnings Trade For Longs