American Outdoor Brands Corporation reported second-quarter fiscal 2019 (ended Oct 31, 2018) financial results. The company’s adjusted earnings per share of 20 cents surpassed the Zacks Consensus Estimate of 13 cents by 53.8%. Further, the reported figure improved 81.8% from the year-ago quarter’s 11 cents.
Revenues
In the fiscal second quarter, American Outdoor Brands’ total sales were $161.7 million, beating the Zacks Consensus Estimate of $152 million by 6.4%. Moreover, the top line was up 9% from $148.4 million in the year-ago quarter.
Operational Highlights
Total operating income during the reported quarter was $11.3 million, up from $8 million in the year-ago quarter.
Gross margin for the quarter was 34.9% compared with 34.2% in second-quarter fiscal 2018. American Outdoor Brands’ total operating expenses were $45 million, up 5.1% from $42.8 million in the year-ago quarter. The increase in expenses was primarily due to higher research and development costs along with higher general and administrative expenses.
American Outdoor Brands Corporation Price, Consensus and EPS Surprise
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American Outdoor Brands Corporation reported second-quarter fiscal 2019 (ended Oct 31, 2018) financial results. The company’s adjusted earnings per share of 20 cents surpassed the Zacks Consensus Estimate of 13 cents by 53.8%. Further, the reported figure improved 81.8% from the year-ago quarter’s 11 cents.
Revenues
In the fiscal second quarter, American Outdoor Brands’ total sales were $161.7 million, beating the Zacks Consensus Estimate of $152 million by 6.4%. Moreover, the top line was up 9% from $148.4 million in the year-ago quarter.
Operational Highlights
Total operating income during the reported quarter was $11.3 million, up from $8 million in the year-ago quarter.
Gross margin for the quarter was 34.9% compared with 34.2% in second-quarter fiscal 2018. American Outdoor Brands’ total operating expenses were $45 million, up 5.1% from $42.8 million in the year-ago quarter. The increase in expenses was primarily due to higher research and development costs along with higher general and administrative expenses.
American Outdoor Brands Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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