Sturm Ruger & Company Inc reports results for the quarter ended in September - Earnings Summary

Sturm, Ruger & Company

01/11/2023 23:57

* Sturm Ruger & Company Inc  RGR.N  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.03.  The mean expectation of
two analysts for the quarter was for earnings of 88 cents per
share. Wall Street expected results to range from 83 cents to 92
cents per share.
    * Revenue fell 13.3% to $120.89 million from a year ago;
analysts
expected $137.42 million. 
    * Sturm Ruger & Company Inc's reported EPS for the quarter
was
breakeven results​.
    * The company reported quarterly net income of $7.43
million.
    * Sturm Ruger & Company Inc shares had risen by 6.2% this
quarter and gained 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is  "hold."

Wall Street's median 12-month price target for Sturm Ruger &
Company Inc is $67.00 
This summary was machine generated from LSEG data November 1 at
11:57 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.88           0.42           Missed
 Jun. 30 2023      0.80           0.91           Beat
 Mar. 31 2023      0.97           0.81           Missed
 Dec. 31 2022      0.98           1.06           Beat