Earnings To Watch: Smith & Wesson (SWBI) Reports Q3 Results Tomorrow

Anthony Lee /
2024/03/06 2:00 am EST

American firearms manufacturer Smith & Wesson (NASDAQ:SWBI) will be reporting earnings tomorrow afternoon. Here's what investors should know.

Last quarter Smith & Wesson reported revenues of $125 million, up 3.2% year on year, in line with analysts' expectations. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

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

This quarter analysts are expecting Smith & Wesson's revenue to grow 3.5% year on year to $133.5 million, improving on the 27.4% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.

Smith & Wesson 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 Smith & Wesson's peers in the leisure products segment, some of them have already reported Q3 earnings results, giving us a hint of 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 down 1.9% on the results, and 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. Smith & Wesson is up 0.9% during the same time, and is heading into the earnings with analyst price target of $16.2, compared to share price of $13.2.

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