MidnightTrader Earnings Play: Bob Evans Farms
Bob Evans Farms
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BOBE |
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PowerRating) is due to report Q2 results after the bell tonight, and analysts polled by Thomson Reuters are looking for a profit of $0.44 per share on revenue of $437.2 million.
BOBE is split in its performance between the sessions, narrowing its post-earnings trade the next day during eight quarters and widening nine. In the near-term, the issue has moved to a solid trend of widening, recording more aggressive next-day trade in seven consecutive quarters.
On Aug. 12, 2008, the stock fell 1.8% during evening trading after the company beat with earnings by a penny though missed with revenue. The decline swelled to 9.9% the next day.
On June 3, 2008, the stock gained 2.1% during evening trading after reporting shy of the Street view with Q4 sales, but beating with earnings and guiding in line. The gain swelled to 17.2% the next day.
On Feb. 12, 2008, the stock gained 1.1% during evening trading after a Q3 beat and guidance that straddled the Street view. The gain widened to 7% the next day.
On Nov. 12, 2007, BOBE firmed 4.3% in after-hours trade after reporting Q2 results up from year ago levels. It jumped higher the next day, closing the Nov. 13 regular session up 15.1%.
On Aug. 13, 2007, BOBE edged down 0.1% in after-hours trade after the company reported Q1 results up over year ago levels and reaffirmed guidance. It added to the downside in the Aug. 14 regular session, sliding 5.3% by the closing bell.
On June 4, 2007, BOBE dipped 0.1% in night trade despite topping Q4 and FY07 estimates and offering FY08 EPS guidance that’s in line to above Street views. Shares continued to weaken the next day, ending the regular session down 2.3%.
On Feb. 15, 2007, BOBE gained 2.1% in the evening session after the company reported ahead of the Street with EPS though sales miss and guidance straddles. The stock gained by a stronger 4.2% the next day.
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