American Outdoor Brands is scheduled to release third-quarter fiscal 2019 results on Mar 7, after the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 53.85%. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 64.88%.
Let’s take a detailed look at the factors influencing American Outdoor Brands’ upcoming results.
Factors to Consider
American Outdoor Brands is strongly focusing on innovations and expansion of addressable market to support its organic growth strategy. The company’s outdoor products and accessories division expects to launch more than 250 products in calendar year 2019, up from approximately 150 in 2018.
No doubt, a notable portion of these new products has been introduced in the company’s to-be-reported quarter, which in turn, should boost the top line. In line with such developments, the Zacks Consensus Estimate for revenues in the fiscal third quarter is pegged at $162.6 million, representing a 3.3% rise on a year-over-year basis.
On the contrary, the company is expected to witness lower margins in the fiscal third quarter on account of the December holiday shut down, increased expenses for the logistics facility and higher operating expenses due to trade shows.
Meanwhile, solid product innovations are expected to bolster the company’s bottom line. Notably, the Zacks Consensus Estimate for earnings in the fiscal third quarter is pegged at 12 cents, which reflects year-over-year growth of 33.33%.
For third-quarter fiscal 2019, American Outdoor Brands anticipates adjusted earnings of 9-13 cents per share. Revenues are anticipated to be $155- $165 million.
American Outdoor Brands Corporation Price and EPS Surprise
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American Outdoor Brands is scheduled to release third-quarter fiscal 2019 results on Mar 7, after the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 53.85%. The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 64.88%.
Let’s take a detailed look at the factors influencing American Outdoor Brands’ upcoming results.
Factors to Consider
American Outdoor Brands is strongly focusing on innovations and expansion of addressable market to support its organic growth strategy. The company’s outdoor products and accessories division expects to launch more than 250 products in calendar year 2019, up from approximately 150 in 2018.
No doubt, a notable portion of these new products has been introduced in the company’s to-be-reported quarter, which in turn, should boost the top line. In line with such developments, the Zacks Consensus Estimate for revenues in the fiscal third quarter is pegged at $162.6 million, representing a 3.3% rise on a year-over-year basis.
On the contrary, the company is expected to witness lower margins in the fiscal third quarter on account of the December holiday shut down, increased expenses for the logistics facility and higher operating expenses due to trade shows.
Meanwhile, solid product innovations are expected to bolster the company’s bottom line. Notably, the Zacks Consensus Estimate for earnings in the fiscal third quarter is pegged at 12 cents, which reflects year-over-year growth of 33.33%.
For third-quarter fiscal 2019, American Outdoor Brands anticipates adjusted earnings of 9-13 cents per share. Revenues are anticipated to be $155- $165 million.
American Outdoor Brands Corporation Price 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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