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American Outdoor (AOUT) Stock Up on Q1 Earnings & Sales Beat
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American Outdoor Brands, Inc. (AOUT - Free Report) reported first-quarter fiscal 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. Both metrics beat estimates for the second straight quarter. Following the results, the stock increased 2% in the after-hours trading session on Sep 7. AOUT is benefiting from an innovation strategy.
Earnings & Sales
In the quarter under review, American Outdoor reported adjusted earnings of 1 cent per share, outshining the Zacks Consensus Estimate of a loss of 3 cents. The company’s adjusted earnings remained flat year over year.
Quarterly net sales of $43.4 million outpaced the consensus estimate of $42 million. However, the metric declined 0.5% year over year primarily due to a decrease in shooting sports category sales.
American Outdoor Brands, Inc. Price, Consensus and EPS Surprise
Total operating expenses were $23.8 million, down 3.2% year over year.
Adjusted EBITDAS were $1.1 million compared with $1.4 million reported in the year-ago quarter.
Balance Sheet
As of Jul 31, 2023, cash and cash equivalents totaled $18.7 million compared with $22 million in the year-ago period.
Total current liabilities amounted to $29.2 million at the end of first-quarter fiscal 2024 compared with $23 million at the prior-year quarter end.
The company currently has a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks in the Zacks Consumer Discretionary sector are:
Royal Caribbean Cruises Ltd. (RCL - Free Report) sports a Zacks Rank #1 (Strong Buy). RCL has a trailing four-quarter earnings surprise of 28.5% on average. Shares of RCL have surged 115.2% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RCL’s 2023 sales and EPS indicates rises of 54.5% and 180.3%, respectively, from the year-ago period’s levels.
Trip.com Group Limited (TCOM - Free Report) flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 147.9% on average. Shares of TCOM have increased 42.8% in the past year.
The Zacks Consensus Estimate for TCOM’s 2023 sales and EPS suggests jumps of 104.9% and 537.9%, respectively, from the year-ago period’s levels.
Skechers U.S.A., Inc. (SKX - Free Report) sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 39.1% on average. Shares of SKX have increased 32.8% in the past year.
The Zacks Consensus Estimate for SKX’s 2023 sales and EPS implies improvements of 8.7% and 42%, respectively, from the year-ago period’s levels.
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American Outdoor (AOUT) Stock Up on Q1 Earnings & Sales Beat
American Outdoor Brands, Inc. (AOUT - Free Report) reported first-quarter fiscal 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. Both metrics beat estimates for the second straight quarter. Following the results, the stock increased 2% in the after-hours trading session on Sep 7. AOUT is benefiting from an innovation strategy.
Earnings & Sales
In the quarter under review, American Outdoor reported adjusted earnings of 1 cent per share, outshining the Zacks Consensus Estimate of a loss of 3 cents. The company’s adjusted earnings remained flat year over year.
Quarterly net sales of $43.4 million outpaced the consensus estimate of $42 million. However, the metric declined 0.5% year over year primarily due to a decrease in shooting sports category sales.
American Outdoor Brands, Inc. Price, Consensus and EPS Surprise
American Outdoor Brands, Inc. price-consensus-eps-surprise-chart | American Outdoor Brands, Inc. Quote
Other Financials
Total operating expenses were $23.8 million, down 3.2% year over year.
Adjusted EBITDAS were $1.1 million compared with $1.4 million reported in the year-ago quarter.
Balance Sheet
As of Jul 31, 2023, cash and cash equivalents totaled $18.7 million compared with $22 million in the year-ago period.
Total current liabilities amounted to $29.2 million at the end of first-quarter fiscal 2024 compared with $23 million at the prior-year quarter end.
The company currently has a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks in the Zacks Consumer Discretionary sector are:
Royal Caribbean Cruises Ltd. (RCL - Free Report) sports a Zacks Rank #1 (Strong Buy). RCL has a trailing four-quarter earnings surprise of 28.5% on average. Shares of RCL have surged 115.2% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RCL’s 2023 sales and EPS indicates rises of 54.5% and 180.3%, respectively, from the year-ago period’s levels.
Trip.com Group Limited (TCOM - Free Report) flaunts a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 147.9% on average. Shares of TCOM have increased 42.8% in the past year.
The Zacks Consensus Estimate for TCOM’s 2023 sales and EPS suggests jumps of 104.9% and 537.9%, respectively, from the year-ago period’s levels.
Skechers U.S.A., Inc. (SKX - Free Report) sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 39.1% on average. Shares of SKX have increased 32.8% in the past year.
The Zacks Consensus Estimate for SKX’s 2023 sales and EPS implies improvements of 8.7% and 42%, respectively, from the year-ago period’s levels.