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Increased Earnings Estimates Seen for American Outdoor Brands (AOBC): Can It Move Higher?

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American Outdoor Brands Corporation (AOBC - Free Report) is a leading provider of firearms products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AOBC’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that American Outdoor Brands could be a solid choice for investors.

Current Quarter Estimates for AOBC

In the past 30 days, one estimate has gone higher for American Outdoor Brands while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 12 cents a share 30 days ago, to 14 cents today, a move of 16.7%.

Current Year Estimates for AOBC

Meanwhile, American Outdoor Brands’s current year figures are also looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 54 cents per share 30 days ago to 67 cents per share today, an increase of 24.1%.

American Outdoor Brands Corporation Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 52.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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