Agilent Holds History of Rewarding Longs Off Evening Earnings Moves, but Shorts Still in the Game

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Agilent Technologies ( A ) is due to report its Q2 results in the after hours tonight, and analysts polled by Capital IQ expect the company to report a profit of $0.73 per share on revenue of $1.73 billion.

Agilent is holding a widening pattern between the sessions, enhancing its extended-hours performance in the following regular sessions in 24 of its last 40 earnings events.

Looking deeper into the performance data, Agilent has recorded an earnings-driven after-hours gain in 19 of the 40 quarters we've tracked, and in 12 of those events, 63% of the time, the stock has added to its gains in the following day's regular session. On the downside, Agilent has posted an earnings-driven after-hours decline in 21 of the 40 quarters tracked by MT Newswires, widening in its losses in next-day trade in 12 events, 57% of the time.

On Feb. 13, 2014, Agilent declined 5.9% in night trade after beating Q1 EPS by a penny and setting Q2 guidance below the Street view. The stock added to its downside the next day, ending the Feb. 14 regular session off 8%.

On Nov. 14, 2013, Agilent gained 5.2% in after-hours trade after beating Q4 expectations and setting mixed guidance. The stock moved higher the next day, ending the Nov. 15 regular session up 8.7%.

On Aug. 14, 2013, Agilent advanced 3.3% in night trade after beating on Q3 and setting in-line guidance for Q4. The stock cut its upside the next day, ending the Aug. 15 regular session up 1%.

On May 14, 2013, Agilent edged up 1.3% in after-hours trade after topping Q2 expectations. The stock firmed higher the next day, closing the May 15 regular session up 3.8%.

On Feb. 14, 2013, Agilent tumbled 9% in after-hours trade after missing on Q1 and setting its Q2 guidance below the Street view. The stock cut its downside the next day, ending the Feb. 15 regular session off 5.2%.

On Nov. 19, 2012, Agilent dropped 1.5% in after-hours trade after beating on Q4 and setting Q1 guidance below expectations. The stock added to its downside the next day, closing the Nov. 20 regular session off 3.2%.

On Aug. 15, 2012, Agilent slumped 8.1% in evening trade after missing on Q3 and setting Q4 guidance below expectations. The stock added slightly to its negative trade the next day, ending the Aug. 16 regular session off 8.2%.

On May 14, 2012, Agilent advanced 2.7% in after-hours trade after beating Q2 estimates and setting in-line guidance. The stock firmed higher the next day, ending up 4.1% in the May 15 regular session.

On Feb. 15, 2012, Agilent slumped 5.5% in evening trade after meeting on Q1 and setting its Q2 guidance below the Street view. The stock reversed direction the next day, ending the Feb. 16 regular session up 0.4%.

On Nov. 15, 2011, Agilent declined 3% in evening trade despite meeting Q4 revenue expectations and beating on earnings. It reversed direction the next day, closing the Nov. 16 regular session up 0.8%.

On Aug. 15, 2011, Agilent shed 1.3% in after-hours trade despite beating Q3 expectations and setting its FY 2011 guidance above Street estimates. The stock added to its downside the next day, closing the Aug. 16 regular session down 2.3%.

On May 13, 2011, Agilent gained 7.1% in pre-market trade after posting better-than-expected results and guidance. The stock cut its gains in that day's regular session, ending up 4.4%.

On Feb. 14, 2011, Agilent declined 2.1% in after-hours trade despite beating Q1 earnings estimates and setting its guidance mostly above the Street view. The stock continued heading lower the following day, closing Feb. 15 down 4.7%.

On Nov. 12, 2011, Agilent edged up 0.7% in pre-market trade after beating Q3 estimates. The stock added to its upside in the follow-on regular session, closing with a 1.7% advance.

On Aug. 16, 2010, Agilent gained 2.8% in after-hours trade after beating earnings estimates and setting its guidance above the Street view. The stock leaped higher the next day, closing the Aug. 17 regular session up 7.8%.

On May 17, 2010, Agilent dropped 2% in after-hours trade despite beating Q2 EPS expectations. The stock headed lower the following day, closing the May 18 regular session down 6.2%.

On Feb. 12, 2010, Agilent advanced 4% in pre-market action after posting better-than-expected results and guidance. It shed about half its gains in that day's regular session, ending up 2.1%.

On Nov. 13, 2009, Agilent advanced 1.7% in pre-market trade after reporting better-than-expected results and guidance. The stock continued heading higher in that day's regular session, ending up 4.3%.

On Aug. 17, 2009, Agilent advanced 2.1% in after-hours trade after beating on EPS, meeting on revenue, and setting its guidance in-line to above expectations. The stock firmed even higher the next day, ending the Aug. 18 regular session up 7.8%.

On May 14, 2009, Agilent declined 1% in after-hours trade after beating revenue expectations and meeting the Street's earnings view. It added to its downside the following day, sliding 3.7% by the close on May 15.

On Feb. 17, 2009, the stock fell 9.3% after a Q1 earnings miss. Shares fell 9% the next day.

On Nov. 14, 2008, Agilent declined 1.2% in pre-market trade after reporting mixed results and guiding below Street expectations. It cut the decline slightly in the following regular session, ending down 1%.

On Aug. 14, 2008, Agilent advanced 0.6% in after-hours trade after coming in with revenue shy of Street forecasts and setting its guidance below expecations. The stock cut its upside slightly the next day, ending the Aug. 15 regular session up 0.5%.

On May 15, 2008, the stock gained 4.1% during evening trading after A reported better-than-expected results and outlook. The gain improved to 8.6% by the closing bell the following day.

On Feb. 13, 2008, Agilent declined 0.5% in after-hours trade after beating Q1 expectations and offered mixed guidance. It added to its downside in the Feb. 14 regular session, losing 3.5% by the closing bell.

On Nov. 15, 2007, A advanced 2.4% in after-hours trade after topping Q4 expectations. It firmed even higher the next day, rising 8.9% by the Nov. 16 closing bell.

On Aug 14, 2007, A tumbled 12.3% in evening activity after missing Q3 estimates and guiding for Q4 to miss Street views. Shares, though, rebounded slightly the next to finish the regular session down 10.8%.

On May 14, 2007, A rose 3.7% in night trade despite missing Q2 EPS estimates and meeting on sales. It forecast Q3 to be mostly higher than expectations. Shares gained more the next day, closing the regular session up 5.2%.

On Feb. 15, 2007, Agilent dipped 0.6% in after-hours trade despite the company?s meeting Q1 EPS expectations and topping on sales. Guidance also was mostly in line with forecasts. Shares failed to find any cheer in the report and took the stock lower the next day. It ended the regular session down 3.1%.

On Nov. 14, 2006, A declined 5.7% in pre-market trade after the company reported Q4 results below expectations. The stock maintained the same downside in the following regular session, losing 5.7% by the closing bell.

On August 14, 2006, A gained 6.6% in after-hours trade when the company came off a trading halt after topping Q3 expectations. The shares widened their gains and ended the regular session up 9.3% the next day.

On May 12, 2006, Agilent dipped 1% in night trade after topping Q2 expectations and setting Q3 guidance in line with forecasts. The shares, though, continued to weaken and closed the next day's regular session down 8.2%.

On Feb. 13, 2006, Agilent slid 1% in pre-market trade despite the company beating earnings expectations and guiding mostly in-line. Sales were slightly below expectations. It added to its downside between the bells, losing 3.9% by the regular session close.

On November 14, 2005, Agilent rose 5.7% in evening trade after reporting higher Q4 results from a year ago, authorizing a share buyback and setting Q1 guidance. However, the shares eased off their highs the next day and ended the regular session up 4.8%.

On August 15, 2005, Agilent jumped 11.7% in after hours trade when the company beat Q3 non-GAAP EPS estimates although it fell short on sales. It also reiterated its Q4 guidance. The following day, the shares expanded those gains, closing the regular session up 14.8%.

On May 16, 2005, Agilent slipped 1.8% in night trade after the company topped Q2 revenue expectations and matching on EPS. It also offered Q3 forecasts that were in line with expectations. The shares regained some strength the next day, ending regular-hours trade up 4.2%.

Agilent lost 2.1% the night of Feb. 14, 2005 after the company beat by a penny on EPS but guided its outlook below the Street. The stock turned higher in next-day trade, ending the Feb. 15 bell-to-bell session up 1.5%.

On Nov. 11, 2004 Agilent slid 3.2% in night trade after the company reported results shy of expectations. Sellers beat it deeper into the cellar on Nov. 12, thrashing it for a 12% decline.

On Aug. 12, 2004 Agilent jumped 7.5% in evening action after the company beat expectations and said it was comfortable with its prior guidance. Those heftier after-hours gains slimmed down on Aug. 13 as Agilent closed the regular session up a more modest 4.2%.

On May 17, 2004 Agilent added 3% in night trade after the company beat on revenue, reported in-line EPS, and guided for revenue ahead of Street estimates. The stock saw those gains evaporate on May 18 as Agilent shed 0.4% by the close.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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