American Outdoor Brands(US:AOUT) ZACKSยท2024-09-05 22:16Company Performance - American Outdoor Brands, Inc. (AOUT) reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of a loss of $0.03 per share, and compared to earnings of $0.01 per share a year ago, representing an earnings surprise of 300% [1] - The company posted revenues of $41.64 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 2.82%, although this is a decrease from year-ago revenues of $43.45 million [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Stock Performance and Outlook - American Outdoor Brands shares have increased by approximately 9.4% since the beginning of the year, while the S&P 500 has gained 15.7% [2] - The company's earnings outlook is crucial for investors, as empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions [3] - The current consensus EPS estimate for the coming quarter is $0.26 on revenues of $60.2 million, and for the current fiscal year, it is $0.49 on revenues of $205.9 million [4] Industry Context - The Leisure and Recreation Products industry, to which American Outdoor Brands belongs, is currently ranked in the bottom 8% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - The performance of American Outdoor Brands may also be influenced by the broader industry outlook, as the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5]