Vista Outdoor Inc reports results for the quarter ended in June - Earnings Summary

Vista Outdoor

06/08/2024 24:25

* Vista Outdoor Inc  VSTO.N  reported quarterly adjusted
earnings
of $1.01​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of
$1.12.  The mean expectation of four analysts for the quarter
was for earnings of 96 cents per share. Wall Street expected
results to range from 92 cents to $1.00 per share.
    * Revenue fell 7.1% to $644.18 million from a year ago;
analysts
expected $657.57 million. 
    * Vista Outdoor Inc's reported EPS for the quarter was 97
cents​.
    * The company reported quarterly net income of $57.12
million.
    * Vista Outdoor Inc shares had risen by 5.9% this
quarter and
gained 34.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 Vista Outdoor Inc
is $41.04 
This summary was machine generated from LSEG data August 5 at
11:24 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
 Jun. 30 2024      0.96           1.01           Beat
 Mar. 31 2024      0.94           1.02           Beat
 Dec. 31 2023      0.81           0.80           Missed
 Sep. 30 2023      1.02           0.96           Missed