Smith & Wesson Brands Inc reports results for the quarter ended in July 31 - Earnings Summary
05/09/2024 22:01
* Smith & Wesson Brands Inc SWBI.OQ reported a quarterly
adjusted loss of 2 cents per share for the quarter ended July
31, lower than the same quarter last year, when the company
reported EPS of 7 cents. The mean expectation of two analysts
for the quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -3 cents to -1 cents per share.
* Revenue fell 22.7% to $88.33 million from a year ago;
analysts
expected $102.52 million.
* Smith & Wesson Brands Inc's reported EPS for the quarter
was a
loss of 5 cents.
* The company reported a quarterly loss of $2.11 million.
* Smith & Wesson Brands Inc shares had fallen by 0.6% this
quarter and gained 5.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 110.8% 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 September 5 at
09:00 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
Jul. 31 2024 -0.02 -0.02 Met
Apr. 30 2024 0.34 0.43 Beat
Jan. 31 2024 0.10 0.17 Beat
Oct. 31 2023 0.14 0.14 Met