Clarus (CLAR) Q4 Earnings Report Preview: What To Look For

Jabin Bastian /
2024/03/06 3:58 am EST

Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR). will be reporting results tomorrow after market close. Here's what to expect.

Last quarter Clarus reported revenues of $100.1 million, down 13.5% year on year, missing analyst expectations by 0.4%. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Is Clarus buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Clarus's revenue to decline 18.9% year on year to $84.48 million, a further deceleration on the 11.8% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.

Clarus Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Clarus's peers in the leisure products segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Bark's revenues decreased 6.9% year on year, beating analyst estimates by 1.4% and YETI reported revenues up 15.4% year on year, missing analyst estimates by 3.5%. Bark traded don 1.9% on the results, YETI was down 12.9%.

Read our full analysis of Bark's results here and YETI's results here.

Investors in the leisure products segment have had steady hands going into the earnings, with the stocks down on average 1.5% over the last month. Clarus is down 1.5% during the same time, and is heading into the earnings with analyst price target of $7.4, compared to share price of $5.89.

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