MidnightTrader Earnings Play: Oracle Corp.
Oracle
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ORCL |
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PowerRating) is due with its Q1 results after the close tonight, and analysts polled by Thomson Reuters expect the company to report a profit of $0.27 per share on revenue of $5.41 billion.
ORCL favors a session-to-session widening pattern in tracking next-day trade that follows extended-hours earnings events. As a result, the stock has seen more aggressive next-day regular session trade on the heels of 12 of its last 18 after-hours earnings reports. In the near-term, the stock is putting up a slightly more mixed performance; it has narrowed twice and widened twice in the last four quarters.
On June 25, 2008, ORCL lost 3.1% in after-hours trade after topping Q4 expectations and setting its guidance in line with the Street view. It slid deeper into the red the next day, closing the June 26 bell-to-bell session down 5%.
On March 26, 2008, the stock fell 8.5% after ORCL reports a revenue miss. The loss was trimmed slightly, to 7.2% the next day.
On Dec. 19, 2007, the stock gained 6.5% during evening hours after ORCL reported in line with Q2 and guides for Q3 in line to above the Street view. The stock gained 6.4% the next day.
On Sept. 20, 2007, ORCL firmed 0.1% in evening activity after beating Q1 estimates and forecasting Q2 non-GAAP EPS to be in line to above expectations. Shares built on those gains and ended the next day session up 4.4%.
On June 26, 2007, the stock was up 1.1% after guiding higher. The gain improved to 2.7% the next day.
On March 20, 2007, ORCL edged up 2.8% in after hours when the company topped Q3 EPS estimates by $0.02. Shares rose further the next day, ending the regular session up 3.5%.
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