Outdoor specialty retailer Sportsman's Warehouse (NASDAQ: SPWH) will be reporting earnings this Thursday after market hours. Here’s what to look for.
Sportsman's Warehouse beat analysts’ revenue expectations by 4.6% last quarter, reporting revenues of $249.1 million, up 2% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations.
Is Sportsman's Warehouse a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Sportsman's Warehouse’s revenue to be flat year on year at $291.6 million, improving from the 6.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sportsman's Warehouse has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Sportsman's Warehouse’s peers in the specialty retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Dick's delivered year-on-year revenue growth of 5%, beating analysts’ expectations by 1.1%, and Academy Sports reported revenues up 3.3%, falling short of estimates by 0.5%. Dick's traded down 5.9% following the results.
Read our full analysis of Dick’s results here and Academy Sports’s results here.
There has been positive sentiment among investors in the specialty retail segment, with share prices up 6.3% on average over the last month. Sportsman's Warehouse is down 19.8% during the same time and is heading into earnings with an average analyst price target of $3.45 (compared to the current share price of $2.72).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
