We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TASER International (TASR) Q4 Earnings: What's in the Cards?
Read MoreHide Full Article
TASER International Inc. will release fourth-quarter 2016 financial results on Feb 28, after the market closes.
Last quarter, the company posted a positive earnings surprise of 40.00%. In the trailing four quarters, the company has recorded an average positive surprise of 99.58%. Let’s see how things are shaping up for this announcement.
Factors to Consider
TASER International’s AXON body-worn video cameras are in demand with the company winning orders from domestic and international police departments during the fourth quarter. These hot-selling body cameras also come with a cloud storage service, EVIDENCE.com, which allows hassle-free storage.
During the quarter, the company bagged a number of orders from various police departments for its smart weapons as well. Some of its notable buyers include San Bernardino County Sheriff's Department, Massachusetts State Police and California Highway Patrol.
Moreover, at the third-quarter earnings call, the company had said that the fourth quarter would record the highest revenues. However, given that third-quarter revenues were strong enough, fourth-quarter revenues are now expected to be nearly flat sequentially.
The company continues to invest in research and development (R&D) to maintain its expertise in emerging technologies such as wearables, mobile and cloud. Axon Body 2 is part of the growing Axon platform that connects cloud, mobile and wearable technologies. The deployment of body cameras is aimed to render police agencies a distinct transparency.
For the fourth quarter, the Zacks Consensus Estimate for earnings reflects a 24.44% year-over-year improvement, while sales are anticipated to improve 26.99% to $71.17 million.
On the flip side, the company is witnessing volatility in its business due to intensifying competition in the space and cyclical sales of its products. The company’s gun sales often rise in the wake of mass shootings or police shootings of civilians followed by a decline in sales with time.
Our proven model does not conclusively show that TASER International is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here as you will see below.
Zacks ESP: TASER International has an Earnings ESP of 0.00%. This is because the Most Accurate estimate of 11 cents is in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: TASER International’s Zacks Rank #3, when combined with an Earnings ESP of 0.00%, makes surprise prediction difficult for this quarter.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Positive Surprise by Peers
Here are some stocks in the protection and safety industry that have surpassed expectations this earnings season.
Johnson Controls International plc (JCI - Free Report) currently carries a Zacks Rank #3. It topped fourth-quarter earnings estimates by 1.92%.
Fortune Brands Home & Security, Inc. , another Zacks Rank #3 stock, has exceeded fourth-quarter earnings projections by 2.90%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
TASER International (TASR) Q4 Earnings: What's in the Cards?
TASER International Inc. will release fourth-quarter 2016 financial results on Feb 28, after the market closes.
Last quarter, the company posted a positive earnings surprise of 40.00%. In the trailing four quarters, the company has recorded an average positive surprise of 99.58%. Let’s see how things are shaping up for this announcement.
Factors to Consider
TASER International’s AXON body-worn video cameras are in demand with the company winning orders from domestic and international police departments during the fourth quarter. These hot-selling body cameras also come with a cloud storage service, EVIDENCE.com, which allows hassle-free storage.
During the quarter, the company bagged a number of orders from various police departments for its smart weapons as well. Some of its notable buyers include San Bernardino County Sheriff's Department, Massachusetts State Police and California Highway Patrol.
Moreover, at the third-quarter earnings call, the company had said that the fourth quarter would record the highest revenues. However, given that third-quarter revenues were strong enough, fourth-quarter revenues are now expected to be nearly flat sequentially.
The company continues to invest in research and development (R&D) to maintain its expertise in emerging technologies such as wearables, mobile and cloud. Axon Body 2 is part of the growing Axon platform that connects cloud, mobile and wearable technologies. The deployment of body cameras is aimed to render police agencies a distinct transparency.
For the fourth quarter, the Zacks Consensus Estimate for earnings reflects a 24.44% year-over-year improvement, while sales are anticipated to improve 26.99% to $71.17 million.
On the flip side, the company is witnessing volatility in its business due to intensifying competition in the space and cyclical sales of its products. The company’s gun sales often rise in the wake of mass shootings or police shootings of civilians followed by a decline in sales with time.
TASER International, Inc. Price and EPS Surprise
TASER International, Inc. Price and EPS Surprise | TASER International, Inc. Quote
Earnings Whispers
Our proven model does not conclusively show that TASER International is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. However, that is not the case here as you will see below.
Zacks ESP: TASER International has an Earnings ESP of 0.00%. This is because the Most Accurate estimate of 11 cents is in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: TASER International’s Zacks Rank #3, when combined with an Earnings ESP of 0.00%, makes surprise prediction difficult for this quarter.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Positive Surprise by Peers
Here are some stocks in the protection and safety industry that have surpassed expectations this earnings season.
Net 1 Ueps Technologies Inc. currently sports a Zacks Rank #1. It surpassed fourth-quarter earnings estimates by 7.89%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Johnson Controls International plc (JCI - Free Report) currently carries a Zacks Rank #3. It topped fourth-quarter earnings estimates by 1.92%.
Fortune Brands Home & Security, Inc. , another Zacks Rank #3 stock, has exceeded fourth-quarter earnings projections by 2.90%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>