Axon Enterprise, Inc. (AXON) is scheduled to release third-quarter 2024 results on Nov. 7, after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company has a stellar earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 24.1%.Let’s see how things have shaped up for Axon this earnings season.Factors to NoteStrong demand for TASER devices and higher cartridge revenues are expected to ...

Axon Enterprise (AXON) ended the recent trading session at $425.84, demonstrating a +0.55% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 0.8%.Shares of the maker of stun guns and body cameras witnessed a gain of 2.04% over the previous month, beating the performance of the Industrial Products sector with its loss of 1.5% and the S&P 500's l ...

Meta Platforms and Axon Enterprise are potential stock-split stocks after tremendous share price appreciation.Shares of Meta Platforms (META -4.09%) and Axon Enterprise (AXON -3.53%) over the last five years soared 212% and 730%, respectively. By comparison, the S&P 500 (^GSPC -1.86%) returned just 91% during the same period. Both companies are stock split candidates after that share price appreciation, but whether either stock splits matters very little in the long run.What actually matters is that Meta Pl ...

Core Viewpoint - Axon Enterprise (AXON) has shown strong stock performance recently, with a return of +11.2% over the past month, significantly outperforming the Zacks S&P 500 composite's +1.8% and the Zacks Security and Safety Services industry's +2.8% [2] Earnings Estimates - For the current quarter, Axon is expected to post earnings of $1.21 per share, reflecting an increase of +18.6% year-over-year, with the Zacks Consensus Estimate remaining unchanged over the last 30 days [5] - The consensus earnings estimate for the current fiscal year is $4.91, indicating a change of +18.6% from the prior year, also unchanged over the last 30 days [5] - For the next fiscal year, the consensus earnings estimate is $5.99, suggesting a change of +22.1% from the previous year, with a slight increase of +0.3% over the past month [6] Revenue Growth - The consensus sales estimate for the current quarter is $526.43 million, indicating a year-over-year change of +27.3% [9] - For the current fiscal year, the revenue estimate is $2.04 billion, reflecting a change of +30.6%, while the estimate for the next fiscal year is $2.48 billion, indicating a change of +21.5% [9] Recent Performance - In the last reported quarter, Axon achieved revenues of $504.1 million, representing a year-over-year increase of +34.6%, with an EPS of $1.20 compared to $1.11 a year ago [10] - The reported revenues exceeded the Zacks Consensus Estimate of $476.92 million by +5.7%, and the EPS surprise was +13.21% [11] - Axon has consistently beaten consensus EPS and revenue estimates in the trailing four quarters [11] Valuation - Axon is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [15] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [13][14] Overall Outlook - The Zacks Rank 3 suggests that Axon may perform in line with the broader market in the near term, despite the market buzz surrounding the company [16]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Axon Enterprise (AXON) . Axon currently has an average brokerage recommendation (ABR) of 1.27, ...

SCOTTSDALE, Ariz., Oct. 24, 2024 /PRNewswire/ -- Axon (Nasdaq: AXON), the global public safety technology leader, today announced that it will report third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Axon will host a live Zoom video webinar to discuss the company's financial results at 5 p.m. ET that same day.The live webinar to discuss financial results, followed by Q&A, will be linked from Axon's investor relations website at https://investor.axon.com. An archived ...

Company Performance - Axon Enterprise (AXON) closed at $443.98, with a daily increase of +1.35%, outperforming the S&P 500 which fell by 0.18% [1] - Over the last month, Axon's shares increased by 11.38%, surpassing the Industrial Products sector's gain of 5.13% and the S&P 500's gain of 4.46% [1] - The upcoming earnings report is expected to show an EPS of $1.21, reflecting an 18.63% growth year-over-year, with quarterly revenue projected at $526.43 million, up 27.28% from the previous year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are predicted to be $4.91 per share and revenue at $2.04 billion, indicating increases of +18.6% and +30.55% respectively from the previous year [2] - Recent revisions to analyst forecasts for Axon Enterprise are crucial as they indicate the changing nature of near-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [2] Valuation Metrics - Axon Enterprise has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [3] - The company is currently trading at a Forward P/E ratio of 89.27, which is a premium compared to the industry average Forward P/E of 22.36 [3] - The PEG ratio for Axon is 4.29, compared to the Security and Safety Services industry's average PEG ratio of 2.25 [3] Industry Context - The Security and Safety Services industry, part of the Industrial Products sector, has a Zacks Industry Rank of 160, placing it in the bottom 37% of over 250 industries [4] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]

FAA Waiver Allows Campbell PD to Deploy DedroneBeyond for Drone-Agnostic Day and Night DFR Operations Without a Visual ObserverSCOTTSDALE, Ariz., Oct. 18, 2024 /PRNewswire/ -- Axon (Nasdaq: AXON), the global leader in public safety technologies, today announced that the Campbell Police Department in California received a groundbreaking waiver from the Federal Aviation Administration (FAA) for beyond visual line of sight (BVLOS) operations as part of its Drone as a First Responder (DFR) program. This approva ...

Group 1 - Bert Hochfeld has a strong educational background with a degree in economics from the University of Pennsylvania and an MBA from Harvard [1] - Hochfeld has extensive experience in the tech industry, having worked for notable companies such as IBM, Raytheon Data Systems, and BMC Software [1] - He transitioned to a sell-side analyst role in the 1990s and received awards from the Wall Street Journal for his software coverage [1] - In 2001, Hochfeld founded Hochfeld Independent Research Group, providing research services to major institutions like Fidelity and SAC Capital [1] - The Hepplewhite Fund, operated by Hochfeld, was recognized as the best performing small-cap fund for the five years ending in 2011 by Hedge Fund Research [1] - Despite his achievements, Hochfeld was convicted in 2012 for misappropriating funds from his hedge fund [1] - He has published over 500 articles on Seeking Alpha, focusing on information technology companies [1] - Hochfeld ranks in the top 0.1% of Tip Ranks analysts for his successful selection of information technology stocks [1]

Axon Enterprise (NASDAQ: AXON ) has become a top performer in the industrial sector as its stock has gained almost 70% year-to-date. The company reported another strong quarter in Q2 with both top and bottom-lineAt Miletus Research, we specialize in analyzing technology companies, exploring the nuances of their strategies in depth. Our team of experienced researchers merges cutting-edge market analytics with strategic expertise, empowering you with actionable insights that drive informed investments.Analyst ...