Smith & Wesson Brands Inc reports results for the quarter ended in January - Earnings Summary
08/03/2024 22:20
* Smith & Wesson Brands Inc SWBI.OQ reported quarterly
adjusted
earnings of 17 cents per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 24 cents. The mean expectation of
three analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 7 cents to 12
cents per share.
* Revenue rose 6.5% to $137.48 million from a year ago;
analysts
expected $133.55 million.
* Smith & Wesson Brands Inc's reported EPS for the quarter
was 17
cents.
* The company reported quarterly net income of $7.88
million.
* Smith & Wesson Brands Inc shares had fallen by 0.9% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 34.1%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the recreational
products peer group is also "buy"
Wall Street's median 12-month price target for Smith & Wesson
Brands Inc is $18.00
This summary was machine generated from LSEG data March 8 at
10:20 p.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jan. 31 2024 0.10 0.17 Beat
Oct. 31 2023 0.14 0.14 Met
Jul. 31 2023 0.05 0.07 Beat
Apr. 30 2023 0.27 0.28 Beat