529159

Smith & Wesson (SWBI) Reports Earnings Tomorrow: What To Expect


Radek Strnad /
2024/06/19 3:01 am EDT

American firearms manufacturer Smith & Wesson (NASDAQ:SWBI) will be reporting results tomorrow after the bell. Here's what to expect.

Smith & Wesson beat analysts' revenue expectations by 2.9% last quarter, reporting revenues of $137.5 million, up 6.5% year on year. It was an exceptional quarter for the company: Smith & Wesson blew past analysts' operating margin and EPS expectations.

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

This quarter, analysts are expecting Smith & Wesson's revenue to grow 8.3% year on year to $156.8 million, a reversal from the 20.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 per share.

Smith & Wesson 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. Smith & Wesson has missed Wall Street's revenue estimates twice over the last two years.

Looking at Smith & Wesson's peers in the leisure products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Latham's revenues decreased 19.7% year on year, beating analysts' expectations by 8.8%, and Solo Brands reported a revenue decline of 3.3%, topping estimates by 9.4%. Latham traded up 24.1% following the results while Solo Brands was also up 2.5%.

Read our full analysis of Latham's results here and Solo Brands's results here.

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.