American Outdoor Brands: Q3 Earnings Insights

American Outdoor Brands AOUT reported its Q3 earnings results on Thursday, March 10, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

American Outdoor Brands beat estimated earnings by 13.04%, reporting an EPS of $0.52 versus an estimate of $0.46.

Revenue was down $12.54 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.18 which was followed by a 13.37% drop in the share price the next day.

Here's a look at American Outdoor Brands's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

American Outdoor Brands management provided guidance for their next quarter, expecting earnings between $1.65 and $1.78 per share for the next quarter.

This represents a 229.81% in quarter-over-quarter growth for American Outdoor Brands, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.