MidnightTrader Earnings Play: Buffalo Wild Wings
Buffalo Wild Wings
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BWLD |
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PowerRating) is due out with Q3 results after the bell tonight, and analysts polled by Thomson Financial are expecting a profit of $0.31 per share on revenue of $104 million.
In the last three years, BWLD has shown a strong tendency to widen its after-hours move the next day following an evening earnings event. It has done so nine out of 11 times. In the near-term, the stock is holding a widening pattern, adding to its evening performance in next-day trade in three of the last four quarters.
On July 29, 2008, BWLD advanced 12.8% in evening trade 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 trade 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 trade 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 trade 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 trade after topping Q4 sales estimates. Shares rose a bit further the next day, ending the regular session up 9.6%.
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