American Outdoor Brands (NASDAQ:AOUT) reported its Q3 earnings results on Thursday, March 10, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
American Outdoor Brands beat estimated earnings by 13.04%, reporting an EPS of $0.52 versus an estimate of $0.46.
Revenue was down $12.54 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 13.37% drop in the share price the next day.
Here's a look at American Outdoor Brands's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.76 | 0.40 | 0.23 | |
| EPS Actual | 0.58 | 0.48 | 0.34 | 0.82 |
| Revenue Estimate | 82.23M | 57.35M | 65.03M | 59.02M |
| Revenue Actual | 70.76M | 60.77M | 64.47M | 82.65M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
American Outdoor Brands management provided guidance for their next quarter, expecting earnings between $1.65 and $1.78 per share for the next quarter.
This represents a 229.81% in quarter-over-quarter growth for American Outdoor Brands, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
