411341

Sportsman's Warehouse (SPWH) Reports Earnings Tomorrow: What To Expect


Anthony Lee /
2024/06/03 3:01 am EDT

Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) will be reporting earnings tomorrow afternoon. Here's what you need to know.

Sportsman's Warehouse met analysts' revenue expectations last quarter, reporting revenues of $370.4 million, down 2.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates. On the other hand, revenue missed analysts' estimates.

Is Sportsman's Warehouse a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Sportsman's Warehouse's revenue to decline 6.7% year on year to $249.5 million, improving from the 13.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.35 per share.

Sportsman's Warehouse Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sportsman's Warehouse has missed Wall Street's revenue estimates twice over the last two years.

Looking at Sportsman's Warehouse's peers in the specialty retail segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Dick's delivered year-on-year revenue growth of 6.2%, beating analysts' expectations by 2.7%, and Ulta reported revenues up 3.5%, in line with consensus estimates. Dick's traded up 15% following the results while Ulta was also up 2.5%.

Read our full analysis of Dick's results here and Ulta's results here.

There has been positive sentiment among investors in the specialty retail segment, with share prices up 8.3% on average over the last month. Sportsman's Warehouse is up 16.6% during the same time and is heading into earnings with an average analyst price target of $4.8 (compared to the current share price of $3.7).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.