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 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," "hold" and "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 |