Smith & Wesson (SWHC) reported earnings Tue 8 Dec 15 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Smith & Wesson beats by $0.05, beats on revs; guides Q3 above consensus; raises FY16 guidance above consensus :

• Reports Q2 (Oct) earnings of $0.25 per share, $0.05 better than the Capital IQ Consensus of $0.20; revenues rose 32.1% year/year to $143.2 mln vs the $138.77 mln Capital IQ Consensus. 
  • Firearms division net sales of $124.9 million increased by 15.2% over the comparable quarter last year.
  • Accessories division net sales of $18.4 million increased by 24.6% over the comparable quarter last year, which was prior to the company's acquisition of Battenfeld Technologies, Inc. (BTI) on December 11, 2014.
  • Gross margin for the quarter was 39.2% compared with 32.1% in the comparable quarter last year.
• Co issues upside guidance for Q3, sees EPS of $0.27-0.29, excluding non-recurring items, vs. $0.23 Capital IQ Consensus Estimate; sees Q3 revs of $150-155 bln vs. $146.22 mln Capital IQ Consensus Estimate.
• Co issues upside guidance for FY16, raises EPS to $1.26-1.31 from $1.14-1.19 vs. $1.20 Capital IQ Consensus; raises FY16 revs to $625-635 mln from $610-620 mln vs. $623.89 mln Capital IQ Consensus Estimate.