Smith & Wesson Brands Q3 2024 Adj EPS $0.190 Beats $0.100 Estimate, Sales $137.500M Beat $133.548M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smith & Wesson Brands (SWBI) reported Q3 2024 adjusted EPS of $0.190, surpassing the $0.100 estimate, with sales of $137.500M exceeding the $133.548M forecast. This represents a 6.56% increase in sales compared to the same period last year.
March 07, 2024 | 9:10 pm
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POSITIVE IMPACT
Smith & Wesson Brands reported a significant beat on both EPS and sales estimates for Q3 2024, with a notable year-over-year sales increase.
Beating both EPS and sales estimates by a significant margin, especially in a competitive industry, is a strong indicator of operational efficiency and market demand. This outperformance, coupled with a notable year-over-year sales growth, is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100