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The Zacks Consensus Estimate for fiscal third-quarter earnings is pegged at $1.88 per share, suggesting an improvement from $1.03 reported in the year-ago quarter. The consensus mark for revenues stands at $750.2 million, indicating growth of 30.5% from the year-ago quarter.
Factors to Note
Vista Outdoor’s fiscal third-quarter performance is likely to have benefited from increased demand in commercial ammunitions, cycling, outdoor cooking categories and firearms. The company has been gaining from rise in outdoor activity and shooting sports participations. Increased emphasis on product innovation and digital marketing, and e-commerce are likely to to get reflected in the fiscal third-quarter top line.
The Zacks Consensus Estimate for total Shooting Sports revenues is pegged at $546 million, which indicates growth of 35.8% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for total Outdoor Products revenues is pegged at $204 million, indicating growth of 17.9% from the year-ago quarter.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Vista Outdoor this time around. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Earnings ESP: Vista Outdoor has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Vista Outdoor currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Here are some stocks from the Zacks Consumer Discretionary space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:
PlayAGS, Inc. (AGS - Free Report) has an Earnings ESP of +42.71% and a Zacks Rank #2.
Shares of PlayAGS have gained 39.8% in the past year. AGS’ earnings beat the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 33.3%.
Oxford Industries, Inc. (OXM - Free Report) has an Earnings ESP of +2.97% and a Zacks Rank #1.
Shares of Oxford Industries have appreciated 28% in the past year. OXM’s earnings beat the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 96.7%.
Boyd Gaming Corporation (BYD - Free Report) has an Earnings ESP of +2.61% and a Zacks Rank #3.
Shares of Boyd Gaming have surged 27.7% in the past year. BYD’s earnings surpassed the consensus mark in each of the trailing four quarters, the average surprise being 56.4%.
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Vista Outdoor (VSTO) to Post Q3 Earnings: What's in Store?
Vista Outdoor Inc. (VSTO - Free Report) is scheduled to report third-quarter fiscal 2022 results on Feb 3. In the last reported quarter, the company delivered an earnings surprise of 36.2%.
Q3 Estimates
The Zacks Consensus Estimate for fiscal third-quarter earnings is pegged at $1.88 per share, suggesting an improvement from $1.03 reported in the year-ago quarter. The consensus mark for revenues stands at $750.2 million, indicating growth of 30.5% from the year-ago quarter.
Factors to Note
Vista Outdoor’s fiscal third-quarter performance is likely to have benefited from increased demand in commercial ammunitions, cycling, outdoor cooking categories and firearms. The company has been gaining from rise in outdoor activity and shooting sports participations. Increased emphasis on product innovation and digital marketing, and e-commerce are likely to to get reflected in the fiscal third-quarter top line.
The Zacks Consensus Estimate for total Shooting Sports revenues is pegged at $546 million, which indicates growth of 35.8% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for total Outdoor Products revenues is pegged at $204 million, indicating growth of 17.9% from the year-ago quarter.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Vista Outdoor this time around. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Earnings ESP: Vista Outdoor has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Vista Outdoor currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vista Outdoor Inc. Price and EPS Surprise
Vista Outdoor Inc. price-eps-surprise | Vista Outdoor Inc. Quote
Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Zacks Consumer Discretionary space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat:
PlayAGS, Inc. (AGS - Free Report) has an Earnings ESP of +42.71% and a Zacks Rank #2.
Shares of PlayAGS have gained 39.8% in the past year. AGS’ earnings beat the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 33.3%.
Oxford Industries, Inc. (OXM - Free Report) has an Earnings ESP of +2.97% and a Zacks Rank #1.
Shares of Oxford Industries have appreciated 28% in the past year. OXM’s earnings beat the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 96.7%.
Boyd Gaming Corporation (BYD - Free Report) has an Earnings ESP of +2.61% and a Zacks Rank #3.
Shares of Boyd Gaming have surged 27.7% in the past year. BYD’s earnings surpassed the consensus mark in each of the trailing four quarters, the average surprise being 56.4%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.