* Smith & Wesson Brands Inc reported quarterly adjusted earnings of 14 cents per share for the quarter ended in October, lower than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of three analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 13 cents to 15 cents per share.
* Revenue fell 23% to $93.19 million from a year ago; analysts expected $123.90 million.
* Smith & Wesson Brands Inc's reported EPS for the quarter was 5 cents.
* The company reported quarterly net income of $2.5 million.
* Smith & Wesson Brands Inc shares had risen by 7.4% this quarter and gained 59.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 21.2% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the recreational products peer group is also "buy"
Wall Street's median 12-month price target for Smith & Wesson Brands Inc is $20.00 This summary was machine generated from LSEG data December 8 at 08:09 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Oct. 31 2023 0.14 0.14 Met
Jul. 31 2023 0.05 0.07 Beat
Apr. 30 2023 0.27 0.28 Beat
Jan. 31 2023 0.22 0.24 Beat
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