American Outdoor Brands Second Quarter 2023 Earnings: EPS Beats Expectations

Simply Wall St
·1 min read

American Outdoor Brands (NASDAQ:AOUT) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$54.4m (down 23% from 2Q 2022).

  • Net income: US$370.0k (down 92% from 2Q 2022).

  • Profit margin: 0.7% (down from 6.5% in 2Q 2022).

  • EPS: US$0.027 (down from US$0.32 in 2Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

American Outdoor Brands EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are up 19% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on American Outdoor Brands' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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