What To Expect From Clarus (CLAR) This Earnings Season?
Zacks Investment Research | Mar 08, 2018 10:36PM ET
Clarus Corporation (NASDAQ:CLAR) is slated to report fourth-quarter 2017 results on Mar 12, after the closing bell.
We expect the company to perform well backed by growing strength in its Black Diamond Equipment brand and increased contribution from recently acquired Sierra Bullets, L.L.C.
Notably, shares of the company have rallied 29.2% in a year, significantly outperforming the Clarus Corporation Quote
Margin Expansion to Aid Earnings Growth
As far as adjusted earnings are concerned, the consensus mark is pegged at 18 cents, reflecting a year- over-year increase of more than 100%. The anticipated rise in the metric is likely to be driven by margin expansion resulting from the company’s continuous focus on product and channel mix improvement, lower levels of discontinued merchandise and stabilization of sourcing revenues.
Last quarter, adjusted earnings per share of 10 cents were up 66.7% year over year.
What Our Model Suggests
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Original post
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