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Seeking Clues to Axon (AXON) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
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The upcoming report from Axon Enterprise (AXON - Free Report) is expected to reveal quarterly earnings of $1.66 per share, indicating an increase of 17.7% compared to the year-ago period. Analysts forecast revenues of $780.58 million, representing an increase of 29.3% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Axon metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Net Sales- Products' will reach $422.58 million. The estimate points to a change of +24% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Services' at $354.11 million. The estimate points to a change of +34.8% from the year-ago quarter.
The consensus estimate for 'Annual recurring revenue' stands at $1461.67 . The estimate compares to the year-ago value of $1104.00 .
Shares of Axon have experienced a change of -2.5% in the past month compared to the +10% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AXON is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to Axon (AXON) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
The upcoming report from Axon Enterprise (AXON - Free Report) is expected to reveal quarterly earnings of $1.66 per share, indicating an increase of 17.7% compared to the year-ago period. Analysts forecast revenues of $780.58 million, representing an increase of 29.3% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Axon metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Net Sales- Products' will reach $422.58 million. The estimate points to a change of +24% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Services' at $354.11 million. The estimate points to a change of +34.8% from the year-ago quarter.
The consensus estimate for 'Annual recurring revenue' stands at $1461.67 . The estimate compares to the year-ago value of $1104.00 .
View all Key Company Metrics for Axon here>>>Shares of Axon have experienced a change of -2.5% in the past month compared to the +10% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), AXON is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .