MidnightTrader Earnings Play: Crocs

Crocs (CROX | Quote | Chart | News | PowerRating) is due with its Q2 results after the closing bell tonight, and analysts polled by Thomson Financial expect the company to report a profit of $0.05 per share on revenue of $220 million.

CROX is mixed in its next-day share move following an evening earnings release, narrowing for five quarters in the 10 we've tracked, and widening in the other five. Near term, the stock has shifted to favoring a widening trend, recording more aggressive next-day trade on the heels of three of its last four after-hours quarterly reports.

On May 7, 2008, CROX jumped 14.2% in after-hours trade after beating Q1 revenue estimates and setting its guidance in-line to above the Street view. It edged just higher the next day, closing the May 8 regular session up 14.4%.

On Feb. 19, 2008, CROX tumbled 12.5% in evening trade after just beating Q4 expectations but also issuing guidance that was shy of the Street view. It added to its downside the following day, losing 14.4% by the close on Feb. 20.

On Oct. 31, 2007 the stock plunged 24.3% during evening trading after CROX reported shy with sales and set mixed guidance. The loss was an even deeper 36.1% the next day.

On July 26, 2007, CROX rocketed 16% higher in the after-hours following the company's better-than-expected results and guidance. It lost a good chunk of that gain in the next day's regular session, ending the day up 9.5%.

On May 3, 2007, CROX soared 16.1% in after-hours trade it blew past expectations and set its guidance above the Street. The gains kept coming the next day as CROX closed the May 4 regular session up 19.9%.

On Feb. 20, 2007, CROX edged up 0.4% in after-hours trade after the company beat Q4 expectations and guided for Q1 above the Street view. The modest gain was lost the next day as CROX slid 3.6% in the Feb. 21 regular session.

On Nov. 2, 2006, shares were up 1.3% in the evening hours after the company topped the Street view with Q3 results and guided for Q4 to beat. The stock advanced 4% the next day.

On Aug. 3, 2006, shares rallied 6.9% when the company blew past estimates with its latest results and guided higher. The stock fell 5.5% the next day.

On May 4, 2006, the issue managed a 0.4% evening gain following a report that showed improved earnings from the year-ago quarter. Shares fell 1.5% the next day.

On March 2, 2006, the stock was up 1.2% after swinging to profit in the latest period. Shares slipped 0.9% the next day.

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