Recreational products manufacturer American Outdoor Brands (NASDAQ:AOUT) will be reporting earnings tomorrow after the bell. Here’s what to expect.
American Outdoor Brands beat analysts’ revenue expectations by 13.1% last quarter, reporting revenues of $60.23 million, up 4% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is American Outdoor Brands a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting American Outdoor Brands’s revenue to grow 5.3% year on year to $56.24 million, in line with the 5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. American Outdoor Brands has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4% on average.
Looking at American Outdoor Brands’s peers in the leisure products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Malibu Boats’s revenues decreased 5.1% year on year, beating analysts’ expectations by 4.8%, and Acushnet reported revenues up 7.8%, falling short of estimates by 2.1%. Malibu Boats’s stock price was unchanged after the results, while Acushnet was down 2.8%.
Read our full analysis of Malibu Boats’s results here and Acushnet’s results here.
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