Axon Enterprise (AXON) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Axon Enterprise (AXON) closed at $778.36, reflecting a +2.06% change from the previous session, outperforming the S&P 500's daily loss of 0.27% [1] - The stock gained 5.23% over the previous month, underperforming compared to the Aerospace sector's gain of 8.18% and the S&P 500's gain of 6.9% [1] Upcoming Earnings - The upcoming earnings release is highly anticipated, with projected earnings per share (EPS) of $1.54, indicating a 28.33% increase from the same quarter last year [2] - Revenue is expected to reach $641.21 million, reflecting a 27.2% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $6.34 per share and revenue at $2.65 billion, representing increases of +6.73% and +27.17% respectively from the prior year [3] - Recent changes to analyst estimates indicate a favorable outlook on the business health and profitability [3] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Axon Enterprise at 3 (Hold) [5] - The Zacks Consensus EPS estimate has remained stagnant over the past month [5] Valuation Metrics - Axon Enterprise has a Forward P/E ratio of 120.32, which is a premium compared to the industry average Forward P/E of 36.19 [6] - The company has a PEG ratio of 4.24, while the average PEG ratio for the Aerospace - Defense Equipment industry is 2.75 [6] Industry Context - The Aerospace - Defense Equipment industry is part of the Aerospace sector and holds a Zacks Industry Rank of 30, placing it in the top 13% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]