Smith & Wesson Brands Third Quarter 2024 Earnings: Beats Expectations
Smith & Wesson Brands (NASDAQ:SWBI) Third Quarter 2024 Results
Key Financial Results
Revenue: US$137.5m (up 6.5% from 3Q 2023).
Net income: US$7.88m (down 29% from 3Q 2023).
Profit margin: 5.7% (down from 8.6% in 3Q 2023).
EPS: US$0.17 (down from US$0.24 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Smith & Wesson Brands Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 76%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Leisure industry in the US.
Performance of the American Leisure industry.
The company's shares are up 28% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Smith & Wesson Brands.
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