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Zacks' 7 Best Strong Buy Stocks (New Research Report)
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Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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American Outdoor's (AOUT) Q2 Earnings & Sales Top Estimates
American Outdoor Brands, Inc. (AOUT - Free Report) reported second-quarter fiscal 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. Both metrics beat estimates for the third straight quarter. Following the results, the company’s shares increased 9.9% in the after-hours trading session on Nov 30.
AOUT maintains its optimism, anticipating that its net sales for fiscal 2024 may surpass fiscal 2023 levels by up to 3.5%.
Earnings & Sales
In the quarter under review, American Outdoor reported adjusted earnings of 25 cents per share, beating the Zacks Consensus Estimate of 19 cents. However, the company’s earnings declined 13.8% year over year.
AOUT reported quarterly net sales of $57.9 million, beating the consensus estimate of $53 million. Moreover, the metric rose 6.4% year over year, primarily due to an increase in traditional channel and e-commerce net sales.
American Outdoor Brands, Inc. Price, Consensus and EPS Surprise
American Outdoor Brands, Inc. price-consensus-eps-surprise-chart | American Outdoor Brands, Inc. Quote
Other Financials
Total operating expenses were $26.5 million, up 1.6% year over year. Gross margin came in at 45.7%, down 200 basis points year over year.
Adjusted EBITDAS was $5.2 million compared with $6.4 million in the year-ago quarter.
Balance Sheet
As of Oct 31, 2023, cash and cash equivalents totaled $8.4 million compared with $22 million as of Apr 30, 2023.
Total current liabilities amounted to $34 million at the end of second-quarter fiscal 2024 compared with $23 million at the end of Apr 30, 2023.
Zacks Rank
The company currently has a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked stocks in the Zacks Consumer Discretionary sector are:
Royal Caribbean Cruises Ltd. (RCL - Free Report) sports a Zacks Rank #1 (Strong Buy). RCL has a trailing four-quarter earnings surprise of 28.3% on average. Shares of RCL have surged 77.6% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for RCL’s 2023 sales and earnings per share (EPS) indicates a rise of 57.7% and 187.9%, respectively, from the year-ago levels.
Live Nation Entertainment, Inc. (LYV - Free Report) sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 37.5% on average. Shares of LYV have increased 13.9% in the past year.
The Zacks Consensus Estimate for LYV’s 2023 sales and EPS suggests an improvement of 28.7% and 137.5%, respectively, from the prior-year levels.
Skechers U.S.A., Inc. (SKX - Free Report) carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 50.3% on average. Shares of SKX have jumped 36.3% in the past year.
The Zacks Consensus Estimate for SKX’s 2023 sales and EPS implies a climb of 8.2% and 44.5%, respectively, from the year-earlier levels.