SMITH & WESSON BRANDS (SWBI)
EARNINGS RELEASE - JUNE 18 (AMC)
* members only content
EARNINGS EXPECTATIONS:
American Outdoor Brands is now Smith & Wesson Brands (NASDAQ:SWBI) after the company officially changed its name and ticker symbol on June 1. The gunmaker is preparing the spin off of its outdoor gear and accessories business later this year.
NO HISTORY TO SHOW FOR THIS NEW COMPANY
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: XX% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %)
EXPECTED JUMP MOVE: 12-15%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Camping World, Best Buy, Sturm, Ruger & Company, Smith & Wesson and Olin Corp highlighted as Zacks Bull and Bear of the Day
Top Ranked Value Stocks to Buy for April 9th
Shares of gun maker Sturm Ruger & Co. rose 1.4% in morning trading Thursday, putting them on track for a sixth straight gain, as President Joe Biden is expected to unveil a number of executive actions as he looks to address gun violence. The stock has climbed 7.2% during its win streak, which would be the longest since the six-day win streak ended Oct. 23, 2019. Meanwhile, shares of fellow gun maker Smith & Wesson Brands Inc. fell 0.9% Thursday, after gaining in five of the previous six sessions. Industry experts have said the regulatory environment is often the biggest driver of demand for guns, and a catalyst for gun maker stocks. Biden is expected to announce tighter regulations requiring buyers of homemade firearms — “ghost guns” — to undergo background checks, and is expected to name former federal agent and adviser to a gun control group to be the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), according to an Associated Press report. Elsewhere, ammunition and shooting accessories maker Vista Outdoor Inc.’s stock were little changed on Thursday. Over the past three months, shares of Sturm Ruger have lost 1.7%, Smith & Wesson have shed 5.5% and Vista Outdoor have rallied 15.9%, while the S&P 500 has tacked on 6.9%.
Smith & Wesson Brands shows rising price performance, earning an upgrade to its IBD Relative Strength Rating.
President Joe Biden is expected to roll out a package of executive actions on Thursday aimed at curbing gun violence, according to a Politico report citing unnamed sources. The actions will include directing his administration to start the process of requiring background checks for buyers of “ghost guns,” which are homemade firearms without serial numbers, the report said. Gun stocks jumped following the report but have since given up that gain, leaving Sturm, Ruger & Co. shares down 0.9% in recent trading, while Smith & Wesson Brands Inc. shares were up 0.8%.
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| Avg Daily Volume: 1,814,806 Market Cap: None Sector: None Short Interest: None |
Ticker delayed 20 minutes
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