Vista Outdoor (VSTO) Surpasses Q2 Earnings and Revenue Estimates

Core Viewpoint - Vista Outdoor reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, and showing an increase from $0.96 per share a year ago, indicating a positive earnings surprise of 11.96% [1] Financial Performance - The company achieved revenues of $665.92 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.15%, although this represents a decline from $676.81 million in the same quarter last year [2] - Over the last four quarters, Vista Outdoor has exceeded consensus EPS estimates three times and topped revenue estimates only once [2] Stock Performance - Vista Outdoor shares have increased approximately 49.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.2% [3] Future Outlook - The company's earnings outlook will be crucial for determining the sustainability of its stock price movement, with current consensus EPS estimates at $1 for the upcoming quarter and $3.98 for the current fiscal year, alongside projected revenues of $681.9 million and $2.69 billion respectively [7] - The estimate revisions trend for Vista Outdoor is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Leisure and Recreation Products industry, to which Vista Outdoor belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of ranked industries [8]