Smith & Wesson Brands Second Quarter 2024 Earnings: EPS Misses Expectations
Smith & Wesson Brands, Inc. SWBI | 0.00 |
Smith & Wesson Brands (NASDAQ:SWBI) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$125.0m (up 3.2% from 2Q 2023).
- Net income: US$2.50m (down 74% from 2Q 2023).
- Profit margin: 2.0% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.054 (down from US$0.21 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Smith & Wesson Brands EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 63%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Leisure industry in the US.
Performance of the American Leisure industry.
The company's shares are down 9.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Smith & Wesson Brands that you should be aware of.
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