American Outdoor Brands (AOBC, $6.01) disappoints on fiscal Q1 results and latest outlook

American Outdoor Brands Corp. recently reported its fiscal first quarter results and issued its latest outlook – both of which fell shy of analysts’ expectations.

The maker of firearms and outdoor sports/ recreation products reported adjusted earnings of 3 cents a share for the quarter, falling short of the Street estimate of 7 cents a share (based on FactSet poll of analysts).

Revenue declined to $123.7 million (from $138.8 million in the year-ago quarter), also missing analysts’ estimate of $127.3 million (based on FactSet poll of analysts).

Looking ahead, American Outdoor forecasts its fiscal second-quarter adjusted earnings in the range of 3 cents to 7 cents a share, lower than the 20 cents a share that analysts were expecting. The company is expecting revenue for the quarter to range between $140 million to $150 million, compared to analysts’ prediction of $162.6 million.

For the fiscal full-year, American Outdoor’s earnings forecast is in the range of 70 cents to 78 cents a share – again below analysts’ expectation of 82 cents a share. The company’s full-year revenue guidance is a range of $630 million to $650 million, compared to analysts’ forecast of $644.4 million