Cerner Sets up Opportunities for Longs Trading Shares in Wake of Earnings-Driven After-Hours Trade

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Cerner ( CERN ) is due to report its Q3 results after the bell tonight. The Capital IQ consensus analyst estimate puts EPS at $0.35 per share on $757 million in revenue.

While CERN has a mixed overall history, the stock will have longs watching for post-earnings after-hours gains as the issue tends to push higher in the next-day regular session.

CERN is mixed in its share reactions between the extended-hours and regular sessions following its past 35 earnings reports. It widened its nighttime move 15 times, narrowed 17, put up a matching performance twice and once followed up flat evening trading with a next-day gain.

Looking deeper into the data, longs will note that the stock has responded to earnings news with a gain 19 times, extending that move 12 times, or 63% of the time.

On the downside, the stock has reacted to earnings with an evening decline 15 times, expanding that move only four times.

On July 25, 2013, CERN edged up 0.2% in evening trade after posting mixed results and guidance. The stock reversed direction the next day, closing the July 26 regular session down 1.9%.

On April 25, 2013, CERN gained 1.4% in after-hours trade after beating on Q1 and setting higher guidance. The stock jumped higher the next day, closing the April 26 regular session up 4.6%.

On Feb. 5, 2013, CERN advanced 4.1% in night trade after beating on Q4 and setting Q1 guidance in line with estimates. The stock cut its upside the next day, closing the Feb. 6 regular session up 2.2%.

On Oct. 25, 2012, CERN soared 11% in after-hours trade after beating on Q3 and setting in-line guidance. The stock firmed higher the next day, closing the Oct. 26 regular session up 13%.

On July 26, 2012, CERN dropped 9.6% in night trade after meeting on Q2 revenue, beating on earnings, and posting mixed Q3 guidance. The stock cut its downside the next day, closing the July 27 regular session down 5.5%.

On April 26, 2012, CERN declined 1.8% in evening trade after beating on Q1 and issuing in-line guidance. The stock reversed direction the next day, ending the April 27 regular session up 5%.

On Feb. 7, 2012, CERN advanced 5.4% in after-hours action after beating on Q4 and setting its Q1 revenue view above estimates. The stock launched higher the next day, advancing 13.2% by the close on Feb. 8.

CERN edged 1.5% higher the evening of Oct. 27, 2011 after beating on Q3 and issuing in-line to above consensus estimates. The stock lost its gain the next day, closing the Oct. 28 regular session down 0.6%.

On July 28, 2011, CERN gained 3.1% in night trade after posting better-than-expected Q2 results and in-line guidance. The stock firmed even higher the next day, closing the July 29 regular session up 7.2%.

On April 28, 2011, the stock gained 4.4% during evening trading after a Q1 beat and guidance that straddled the Street view. Shares rose a stronger 7.2% the next day.

On February 8, the stock edged up 0.3% after earnings. The stock reversed to closed down 3.1% the following day.

On Oct. 28, 2010, the stock fell 4.2% after a Q3 earnings beat, a revenue miss and guidance that straddled the Street view. Shares bounced and gained 0.6% in the next day's regular session.

On July 28, 2010, the stock finished evening trading flat after a Q2 beat and Q3 guidance mostly in line with the Street view. Shares rose 2.9% the next day.

On April 28, 2010, CERN shed 3% in evening trade after beating Q1 estimates and setting guidance in a range that straddled the Street view. The stock held the same 3% decline in the April 29 regular session.

On Feb. 9, 2010, CERN advanced 1.7% in evening trade after beating Q4 expectations and setting in-line guidance. It lost its gain the following day, closing the Feb. 10 regular session down 2%.

On Oct. 28, 2009, the stock slipped 0.2% after a revenue miss. Shares rebounded to gain 1.4% the next day.

On July 29, 2009, the stock fell 3.8% after meeting with EPS but setting mixed guidance. Shares edged up 0.6% the following day.

On April 28, 2009, CERN shed 3.5% in after-hours trade after missing Q1 revenue expectations, beating on earnings and setting guidance in a range that straddled the Street view. The stock reversed direction the following day, advancing 10.7% by the close on April 29.

On Feb. 10, 2008, the stock slipped 0.3% after beating on earnings and guiding in line. Shares fell 1.9% the next day.

On Oct. 21, 2008, the stock gained 8.5% in the extended-hours period after beating with Q3 results. The gain was nearly cut in half and shares closed up 4.8% the next day.

On July 22, 2008, CERN edged up 0.9% in after-hours trade after beating Q2 estimates and setting guidance in-line with expectations for Q3. The stock firmed higher in the July 23 regular session, rising 4.2% by the closing bell.

On April 22, 2008, CERN advanced 8.7% in the extended-hours session after beating Q1 estimates, setting a stock buyback plan and issuing mixed guidance. Bulls added to the upside in the following day's regular session, boosting CERN 17.6%.

On Jan. 31, 2008, the stock fell 4.1% in the evening hours after CERN missed with Q4 revenue, guides below Street. The loss swelled to 10.2% the next day.

On Oct. 18, 2007, the stock fell 10.6% after the company reports ahead with Q3 EPS but misses on sales and sees Q4 in line to below. The decline was reined in just slightly, to 9% the next day.

On July 24, 2007, CERN edged up 1.5% in night trade after meeting on Q2 EPS, beating on revenue, and guiding in-line. It saw that evening gain evaporate the next day, closing the July 25 regular session down 4.1%.

On April 19, 2007, the stock edged up 0.8% in the evening extended hours session after earnings beat by a penny and despite cautious guidance. The issue gained 1% the next day.

On Feb. 1, 2007, CERN jumped 7.4% in night trade after beating Q4 sales estimates and matching on EPS. It also guided for Q1 sales to top expectations. Shares marched higher the next day, ending the regular session up 10.5%.

On Oct. 19, 2006, the stock fell 1.2% after the company reports results ahead of the Street and guides mostly in line. Shares reversed to close up 3.1% the next day.

On July 20, 2006, CERN edged up 2.3% in after hours when the company beat Q2 sales estimates and matched on EPS. It also forecast Q3 and FY EPS to be in line to above expectations. The shares jumped higher the next day, ending the day session up 13.8%.

In April 20, 2006, CERN dipped 1.8% in evening trade although it beat Q1 expectations and guided Q2 EPS in line with to above estimates. The shares, though, found no solace and dropped 9.6% by the end of the next day's regular session.

On February 2, 2006, CERN dropped 4.8% in night trade after meeting Q4 earnings expectations and topping sales forecasts. However, it predicted Q1 EPS would be below Street views. The shares tumbled further the next day, ending the regular session down 8.7%.

On October 20, 2005, CERN edged up 1.9% in night trade after beating Q3 sales estimates and coming in line on earnings with Street forecasts. But shares could hold on to its small gains and closed the next day session down 1.0%.

On July 21, CERN climbed 4.7% after Q2 results bested Street targets and the company guided Q3 and 2005 revenue above the Street. It widened that gain in the July 22 regular session, closing up 7.6%.

On April 21, 2005 CERN dropped 1.9% despite beating expectations and guiding in line with the Street view. It reversed direction in the April 22 regular session, gaining 1.8%.

On Feb. 3, 2005, CERN rose 1.1% after hours after beating expectations and guiding higher. It widened that move in the Feb. 4 regular session, closing up 4.4%.

On Oct. 20, 2004, CERN dropped 3.8% after hours after missing revenue projections but topping analysts' EPS estimates. It matched that loss in the Oct. 21 regular session, closing down 3.8%.



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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