American Outdoor Brands Corporation just released its latest quarterly financial results, posting adjusted earnings of 9 cents per share and revenues of $157.4 million.
Currently, AOBC is a Zacks Rank #4 (Sell), but that could change based on today’s results. The stock was halted in after-hours trading ahead of its earnings release.
American Outdoor Brands:
Beat earnings estimates. The company posted non-GAAP earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08.
Missed revenue estimates. The company saw revenue figures of $157.38 million, missing our consensus estimate of $173.83 million.
Total revenues were down about 32.6% year over year. Non-GAAP earnings were down from $0.66 per share in the prior-year period. GAAP net income was $0.21 per diluted share, down from $0.57 per share in the previous year.
“Our results for the third quarter reflected a continuation of challenging market conditions in the consumer market for firearms,” said CEO James Debney. “Lower shipments in our Firearms business were driven by a reduction in wholesaler and retailer orders versus the prior year, and were partially offset by double-digit revenue growth within our Outdoor Products and Accessories segment.”
American Outdoor Brands expects revenues in the range of $162 million to $166 million for the current quarter. Non-GAAP earnings are expected to be in the range of $0.09 to $0.11 per share. Our current Zacks Consensus Estimates are calling for earnings of $0.35 per share and revenues of $203 million.
Here’s a graph that looks at AOBC’s recent earnings performance:
American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company's product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre.
Check back later for our full analysis on AOBC’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Image: Bigstock
American Outdoor Brands (AOBC) Misses Revenue Estimates, Stock Halted After Hours
American Outdoor Brands Corporation just released its latest quarterly financial results, posting adjusted earnings of 9 cents per share and revenues of $157.4 million.
Currently, AOBC is a Zacks Rank #4 (Sell), but that could change based on today’s results. The stock was halted in after-hours trading ahead of its earnings release.
American Outdoor Brands:
Beat earnings estimates. The company posted non-GAAP earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08.
Missed revenue estimates. The company saw revenue figures of $157.38 million, missing our consensus estimate of $173.83 million.
Total revenues were down about 32.6% year over year. Non-GAAP earnings were down from $0.66 per share in the prior-year period. GAAP net income was $0.21 per diluted share, down from $0.57 per share in the previous year.
“Our results for the third quarter reflected a continuation of challenging market conditions in the consumer market for firearms,” said CEO James Debney. “Lower shipments in our Firearms business were driven by a reduction in wholesaler and retailer orders versus the prior year, and were partially offset by double-digit revenue growth within our Outdoor Products and Accessories segment.”
American Outdoor Brands expects revenues in the range of $162 million to $166 million for the current quarter. Non-GAAP earnings are expected to be in the range of $0.09 to $0.11 per share. Our current Zacks Consensus Estimates are calling for earnings of $0.35 per share and revenues of $203 million.
Here’s a graph that looks at AOBC’s recent earnings performance:
American Outdoor Brands Corporation Price, Consensus and EPS Surprise
American Outdoor Brands Corporation Price, Consensus and EPS Surprise | American Outdoor Brands Corporation Quote
American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company's product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre.
Check back later for our full analysis on AOBC’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>