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

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.