Smith & Wesson Brands Q4 Adj $0.32 Beats $0.27 Estimate, Sales $144.78M Beat $138.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smith & Wesson Brands (SWBI) reported Q4 earnings of $0.32 per share, beating the $0.27 estimate, and sales of $144.78 million, beating the $138.38 million estimate. However, this represents a 60.98% decrease in earnings and a 20.14% decrease in sales compared to the same period last year.
June 22, 2023 | 8:07 pm
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NEUTRAL IMPACT
SWBI's Q4 earnings and sales beat estimates, but both showed significant decreases compared to last year.
While SWBI beat analyst estimates for Q4 earnings and sales, the significant decreases in both earnings and sales compared to the same period last year may offset any positive sentiment from beating estimates. This could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100