Salesforce.com (NYSE:CRM) is set to report its Q4 results in tonight’s after-hours. Analysts polled by Capital IQ expect earnings of $0.06 per share on revenue of $1.12 billion. CRM favors a reversal trend between the bells following its after-hours earnings reports, narrowing or reversing 19 times and widening 18 times in next-day trade following its last 37 extended-hours earnings reports.
Looking deeper into the performance data, CRM has recorded an earnings-driven after-hours decline in 19 of the 37 quarters tracked, reversing direction in next-day trade in 12 of those events, or 63% of the time. On the plus-side, the stock just favors widening between the sessions when it records earnings-driven after-hours gains, which it has done in 18 of the 37 quarters we’ve followed. Of those 18, the stock has widened 11 times. or 61% of the time, and reversed direction seven times. On Nov. 18, 2013, CRM declined 1.1% in night trade after meeting Q3 expectations but setting Q4 guidance just below the Street view. The stock moved deeper in the red the next day, ending the Nov. 19 regular session down 4.9%.
On Aug. 29, 2013, CRM soared 8.6% in after-hours trade after posting better-than-expected results and guidance. The stock jumped higher the next day ending the Aug. 30 regular session up 12.5%.
On May 23, 2013, CRM dropped 6.2% in night trade after posting in-line results and guidance. The stock cut its downside the next day, ending the May 24 regular session off 5.3%.
On Feb. 28, 2013, CRM advanced 4.8% in night trade after beating on Q4 and setting mixed FY 2014 guidance. The stock surged higher the next day, closing the March 1 regular session up 7.5%.