Smith & Wesson just released its second quarter fiscal 2017 financial results after the bell, posting earnings of 68 cents per share and revenues of $233.5 million. SWHC is a #4 (Sell) on the Zacks Rank, and is down almost 7% to $22.35 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 68 cents per share, beating the Zacks Consensus Estimate of 55 cents per share. This number excludes 12 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $233.5 million, also beating our consensus estimate of $228 million and gaining a whopping 63% year-over-year.
Gross margin for the quarter was 41.8%, compared with 39.2% in the prior-year period.
Looking ahead to Q3, Smith & Wesson expects non-GAAP earnings per share to fall in the range of 52 cents to 57 cents, with revenues in the range of $230 million to $240 million. The firearm maker upped its full year fiscal 2017 earnings guidance to be between $2.42 and $2.47 per share.
"We are very pleased with our second quarter results, which exceeded our financial guidance. In our Firearms Segment, we believe higher revenue was driven by strong consumer demand as reflected in adjusted background checks from the National Instant Criminal Background Check System (NICS) as well as our own market share gains, commented President and CEO James Debney.
Here’s a graph that looks at Smith & Wesson’s price, consensus, and EPS surprise:
Smith & Wesson is one of the world's leading producers of quality handguns, law enforcement products, and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company's products with confidence for 150 years. Smith & Wesson also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers.
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Smith & Wesson (SWHC) Beats Q2 Earnings, Offers Weak Guidance
Smith & Wesson just released its second quarter fiscal 2017 financial results after the bell, posting earnings of 68 cents per share and revenues of $233.5 million. SWHC is a #4 (Sell) on the Zacks Rank, and is down almost 7% to $22.35 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 68 cents per share, beating the Zacks Consensus Estimate of 55 cents per share. This number excludes 12 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $233.5 million, also beating our consensus estimate of $228 million and gaining a whopping 63% year-over-year.
Gross margin for the quarter was 41.8%, compared with 39.2% in the prior-year period.
Looking ahead to Q3, Smith & Wesson expects non-GAAP earnings per share to fall in the range of 52 cents to 57 cents, with revenues in the range of $230 million to $240 million. The firearm maker upped its full year fiscal 2017 earnings guidance to be between $2.42 and $2.47 per share.
"We are very pleased with our second quarter results, which exceeded our financial guidance. In our Firearms Segment, we believe higher revenue was driven by strong consumer demand as reflected in adjusted background checks from the National Instant Criminal Background Check System (NICS) as well as our own market share gains, commented President and CEO James Debney.
Here’s a graph that looks at Smith & Wesson’s price, consensus, and EPS surprise:
SMITH & WESSON Price, Consensus and EPS Surprise
SMITH & WESSON Price, Consensus and EPS Surprise | SMITH & WESSON Quote
Smith & Wesson is one of the world's leading producers of quality handguns, law enforcement products, and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company's products with confidence for 150 years. Smith & Wesson also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>