Outdoor specialty retailer Sportsman’s Warehouse (NASDAQ:SPWH) will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Last quarter Sportsman’s Warehouse reported revenues of $340.6 million, down 5.3% year on year, beating analyst revenue expectations by 5.1%. It was a very strong quarter for the company, with an impressive beat of analysts’ earnings and revenue estimates.
Is Sportsman’s Warehouse buy or sell heading into the earnings? Read our full analysis here, it’s free.
This quarter analysts are expecting Sportsman’s Warehouse’s revenue to decline 1.8% year on year to $372.6 million, an improvement on the 8.9% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.30 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St’s revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.1%.
Looking at Sportsman’s Warehouse’s peers in the sports & outdoor equipment retailer segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Dick’s delivered top-line growth of 7.8% year on year, beating analyst estimates by 2.2% and Academy Sports reported revenues up 2.8% year on year, missing analyst estimates by 0.3%. Dick’s traded up 3.2% on the results, Academy Sports was down 13.5%.
Read our full analysis of Dick’s’s results here and Academy Sports’s results here.
Investors in the sports & outdoor equipment retailer segment have had steady hands going into the earnings, with the stocks up on average 0.5% over the last month. Sportsman’s Warehouse is down 11.5% during the same time, and is heading into the earnings with analyst price target of $5.1, compared to share price of $3.1.
Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.