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Unlocking Q3 Potential of Axon (AXON): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts expect Axon Enterprise (AXON - Free Report) to post quarterly earnings of $1.90 per share in its upcoming report, which indicates a year-over-year increase of 62.4%. Revenues are expected to be $931.13 million, up 31% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Axon metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net Sales- Products' at $521.38 million. The estimate suggests a change of +28.6% year over year.
The collective assessment of analysts points to an estimated 'Net sales- Software and Services' of $417.06 million. The estimate indicates a change of +36.6% from the prior-year quarter.
Analysts' assessment points toward 'Net sales- Connected Devices' reaching $521.38 million. The estimate points to a change of +28.6% from the year-ago quarter.
Analysts forecast 'Net Sales- Services' to reach $416.96 million. The estimate points to a change of +36.6% from the year-ago quarter.
It is projected by analysts that the 'Net sales- Connected Devices- Platform Solutions' will reach $114.46 million. The estimate points to a change of +88.3% from the year-ago quarter.
The consensus estimate for 'Net sales- Connected Devices- TASER' stands at $281.21 million. The estimate suggests a change of +18.2% year over year.
The combined assessment of analysts suggests that 'Net sales- Connected Devices- Personal Sensors' will likely reach $123.92 million. The estimate indicates a change of +16.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Annual recurring revenue' should come in at $1.72 billion. Compared to the current estimate, the company reported $1.25 billion in the same quarter of the previous year.
Analysts expect 'Adjusted gross margin- Software and Services' to come in at $314.74 million. The estimate compares to the year-ago value of $234.32 million.
The consensus among analysts is that 'Adjusted gross margin- Connected Devices' will reach $265.93 million. Compared to the present estimate, the company reported $211.13 million in the same quarter last year.
Shares of Axon have demonstrated returns of +3.5% over the past month compared to the Zacks S&P 500 composite's -0.9% change. 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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Unlocking Q3 Potential of Axon (AXON): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts expect Axon Enterprise (AXON - Free Report) to post quarterly earnings of $1.90 per share in its upcoming report, which indicates a year-over-year increase of 62.4%. Revenues are expected to be $931.13 million, up 31% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Axon metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net Sales- Products' at $521.38 million. The estimate suggests a change of +28.6% year over year.
The collective assessment of analysts points to an estimated 'Net sales- Software and Services' of $417.06 million. The estimate indicates a change of +36.6% from the prior-year quarter.
Analysts' assessment points toward 'Net sales- Connected Devices' reaching $521.38 million. The estimate points to a change of +28.6% from the year-ago quarter.
Analysts forecast 'Net Sales- Services' to reach $416.96 million. The estimate points to a change of +36.6% from the year-ago quarter.
It is projected by analysts that the 'Net sales- Connected Devices- Platform Solutions' will reach $114.46 million. The estimate points to a change of +88.3% from the year-ago quarter.
The consensus estimate for 'Net sales- Connected Devices- TASER' stands at $281.21 million. The estimate suggests a change of +18.2% year over year.
The combined assessment of analysts suggests that 'Net sales- Connected Devices- Personal Sensors' will likely reach $123.92 million. The estimate indicates a change of +16.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Annual recurring revenue' should come in at $1.72 billion. Compared to the current estimate, the company reported $1.25 billion in the same quarter of the previous year.
Analysts expect 'Adjusted gross margin- Software and Services' to come in at $314.74 million. The estimate compares to the year-ago value of $234.32 million.
The consensus among analysts is that 'Adjusted gross margin- Connected Devices' will reach $265.93 million. Compared to the present estimate, the company reported $211.13 million in the same quarter last year.
View all Key Company Metrics for Axon here>>>Shares of Axon have demonstrated returns of +3.5% over the past month compared to the Zacks S&P 500 composite's -0.9% change. 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 >>>> .