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American Outdoor Brands (AOBC) Q3 Earnings Top, Revenues Lag
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American Outdoor Brands Corporation reported third-quarter fiscal 2018 (ended Jan 31, 2018) results. The company’s adjusted earnings per share of 9 cents surpassed the Zacks Consensus Estimate of 8 cents by 12.5%. However, the reported figure declined 86.4% from the year-ago level of 66 cents.
Excluding the one-time items, the company reported GAAP earnings of 21 cents per share compared to prior-year quarter’s figure of 57 cents per share.
Revenues
In the fiscal third quarter, American Outdoor Brands’ total sales were $157.4 million, lagging the Zacks Consensus Estimate of $173 million by 9.5%. Moreover, the top line was down 32.6% from $233.5 million in the year-ago quarter.
Operational Highlights
Total operating income during the quarter was $5.84 million, down from $50.2 million in the year-ago quarter.
Gross margin for the quarter was 29.8% compared with 42.5% in third-quarter fiscal 2017.
American Outdoor Brands’ total operating expenses were $41.08 million, down 16.3% from $49.1 million in the year-ago quarter. The downside was owing to 30.4% decline in general and administrative expenses.
Financial Condition
As of Jan 31, 2018, American Outdoor Brands’ cash and cash equivalents were $38.2 million compared with $61.5 million as of Apr 30, 2017.
Notes payable (net) was $231.6 million as of Jan 31, 2018, up from $210.7 million as of Apr 30, 2017.
Cash outflow from operating activities for the nine months ended on Jan 31, 2018, was $4.5 million compared with cash inflow of $109.5 million a year ago.
American Outdoor Brands Corporation Price, Consensus and EPS Surprise
American Outdoor Brands expects fourth-quarter fiscal 2018 adjusted earnings in the range of 9-11 cents per share. The company anticipates revenues to be in the $162–$166 million band.
For fiscal 2018, the company expects adjusted earnings in the band of 31–33 cents per share. Revenues are anticipated in the range of $597-$601 million for the same period.
Zacks Rank
American Outdoor Brands has a Zacks Rank #4 (Sell).
Peer Releases
Spirit Aerosystems Holdings’s (SPR - Free Report) recorded fourth-quarter 2017 adjusted earnings of $1.32 per share, which surpassed the Zacks Consensus Estimate of $1.22 by 8.2%. The company sports a Zacks Rank #1 (Strong Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Huntington Ingalls Industries’ (HII - Free Report) reported fourth-quarter 2017 adjusted earnings of $3.11 per share surpassed the Zacks Consensus Estimate of $2.92 by 6.5%. Earnings however declined 26% from $4.20 a year ago. The company flaunts a Zacks Rank #1.
Leidos Holdings (LDOS - Free Report) reported fourth-quarter 2017 adjusted earnings of 87 cents per share, beating the Zacks Consensus Estimate of 83 cents by 4.8%. Earnings improved 16% from the year-ago quarter's figure of 75 cents. The company carries a Zacks Rank #2 (Buy).
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American Outdoor Brands (AOBC) Q3 Earnings Top, Revenues Lag
American Outdoor Brands Corporation reported third-quarter fiscal 2018 (ended Jan 31, 2018) results. The company’s adjusted earnings per share of 9 cents surpassed the Zacks Consensus Estimate of 8 cents by 12.5%. However, the reported figure declined 86.4% from the year-ago level of 66 cents.
Excluding the one-time items, the company reported GAAP earnings of 21 cents per share compared to prior-year quarter’s figure of 57 cents per share.
Revenues
In the fiscal third quarter, American Outdoor Brands’ total sales were $157.4 million, lagging the Zacks Consensus Estimate of $173 million by 9.5%. Moreover, the top line was down 32.6% from $233.5 million in the year-ago quarter.
Operational Highlights
Total operating income during the quarter was $5.84 million, down from $50.2 million in the year-ago quarter.
Gross margin for the quarter was 29.8% compared with 42.5% in third-quarter fiscal 2017.
American Outdoor Brands’ total operating expenses were $41.08 million, down 16.3% from $49.1 million in the year-ago quarter. The downside was owing to 30.4% decline in general and administrative expenses.
Financial Condition
As of Jan 31, 2018, American Outdoor Brands’ cash and cash equivalents were $38.2 million compared with $61.5 million as of Apr 30, 2017.
Notes payable (net) was $231.6 million as of Jan 31, 2018, up from $210.7 million as of Apr 30, 2017.
Cash outflow from operating activities for the nine months ended on Jan 31, 2018, was $4.5 million compared with cash inflow of $109.5 million a year ago.
American Outdoor Brands Corporation Price, Consensus and EPS Surprise
American Outdoor Brands Corporation Price, Consensus and EPS Surprise | American Outdoor Brands Corporation Quote
Guidance
American Outdoor Brands expects fourth-quarter fiscal 2018 adjusted earnings in the range of 9-11 cents per share. The company anticipates revenues to be in the $162–$166 million band.
For fiscal 2018, the company expects adjusted earnings in the band of 31–33 cents per share. Revenues are anticipated in the range of $597-$601 million for the same period.
Zacks Rank
American Outdoor Brands has a Zacks Rank #4 (Sell).
Peer Releases
Spirit Aerosystems Holdings’s (SPR - Free Report) recorded fourth-quarter 2017 adjusted earnings of $1.32 per share, which surpassed the Zacks Consensus Estimate of $1.22 by 8.2%. The company sports a Zacks Rank
#1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Huntington Ingalls Industries’ (HII - Free Report) reported fourth-quarter 2017 adjusted earnings of $3.11 per share surpassed the Zacks Consensus Estimate of $2.92 by 6.5%. Earnings however declined 26% from $4.20 a year ago. The company flaunts a Zacks Rank #1.
Leidos Holdings (LDOS - Free Report) reported fourth-quarter 2017 adjusted earnings of 87 cents per share, beating the Zacks Consensus Estimate of 83 cents by 4.8%. Earnings improved 16% from the year-ago quarter's figure of 75 cents. The company carries a Zacks Rank #2 (Buy).
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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