Smith & Wesson Brands's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Smith & Wesson Brands (NASDAQ:SWBI) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with analysts estimating an EPS of $0.14. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted positively to earnings beats, with the last quarter's beat resulting in a 10.85% share price increase the following day. Over the last 52 weeks, SWBI shares have risen by 45.61%, indicating a bullish sentiment among long-term shareholders ahead of the earnings release.
December 06, 2023 | 2:01 pm
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Smith & Wesson Brands is anticipated to report quarterly earnings with an EPS estimate of $0.14. A positive earnings beat and guidance could lead to a stock price increase, as seen historically. Shares have been bullish over the past year, with a 45.61% increase.
Given the historical positive reaction to earnings beats and the overall bullish trend of SWBI shares over the past year, there is a high likelihood of a short-term positive impact on the stock price if the company reports better-than-expected earnings and provides favorable guidance. The importance is high as earnings reports are critical events for investors, and the confidence level is set at 80 due to the consistent past performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100