Back to top

What's in Store for American Outdoor's (AOBC) Q2 Earnings?

Read MoreHide Full Article

American Outdoor Brands (AOBC - Free Report) is scheduled to release second-quarter fiscal 2019 results on Dec 6, after the opening bell.

In the last reported quarter, the company delivered a positive earnings surprise of 75%. The company’s earnings surpassed the Zacks Consensus Estimate in all of the trailing four quarters, with average of 65.71%.

Let’s take a detailed look at the factors influencing American Outdoor Brands’ quarterly results.

American Outdoor Brands Corporation Price and EPS Surprise

 

Factors to Consider

American Outdoor Brands focuses on innovation to support its organic growth strategy. As a result, it successfully launched several products and conducted product expansions in the first quarter of fiscal 2019. Moreover, programs and products launched by the company in the last 12 months will likely have a positive impact on the performance of the company.

Notably, we expect the company to witness similar growth trend and reflect improved numbers in its upcoming quarterly results. In line with such developments, the Zacks Consensus Estimate for second-quarter revenues is pegged at $154 million, representing a 4.05% rise on a year-over-year basis.

Furthermore, the company’s acquisition of Bubba Blade last year is expected to drive fiscal second-quarter results. In line with this, we expect the company to witness similar organic growth pattern in the second quarter, backed by the balance from the Bubba Blade acquisition. Notably, the Zacks Consensus Estimate for second-quarter earnings per share is pegged 14 cents, which reflects year-over-year growth of 2.72%.

For second-quarter fiscal 2019, American Outdoor Brands anticipates adjusted earnings of 11-15 cents per share. Revenues are anticipated to be $150-$160 million.

What the Zacks Model Unveils

Our proven model does not conclusively show that American Outdoor Brands is likely to beat estimates in the second quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen.

Earnings ESP: American Outdoor Brands has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: American Outdoor Brands has a Zacks Rank #3 (Hold).

Other Aerospace Releases

Textron Inc. (TXT - Free Report) reported third-quarter 2018 adjusted earnings from continuing operations of 61 cents per share, which missed the Zacks Consensus Estimate of 76 cents by 19.7%.

Lockheed Martin Corp. (LMT - Free Report) reported third-quarter 2018 earnings of $5.14 per share, beating the Zacks Consensus Estimate of $4.32 by 19%. The bottom line also improved 54.8% from the year-ago quarter’s figure of $3.32.

General Dynamics Corporation (GD - Free Report) reported third-quarter 2018 earnings from continuing operations of $2.89 per share, beating the Zacks Consensus Estimate of $2.74 by 5.5%. Reported earnings were up 14.7% from $2.52 recorded in the year-ago quarter.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>



More from Zacks Analyst Blog

You May Like