What To Expect From Sportsman's Warehouse’s (SPWH) Q4 Earnings
Stock Story
Published Apr 02, 2024 03:00AM ET
Updated Apr 02, 2024 07:01AM ET
What To Expect From Sportsman's Warehouse’s (SPWH) Q4 Earnings
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? Find out by reading the original article on StockStory.
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 the full analysis of Dick's's and Academy Sports's results on StockStory.
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.
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Written By: Stock Story
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