MGM - American Outdoor to Post Q4 Earnings: What's in Store? | Benzinga
American Outdoor Brands, Inc. (NASDAQ: AOUT) is scheduled to report fourth-quarter fiscal 2024 results on Jun 27, after the closing bell. In the last reported quarter, AOUT's earnings beat the Zacks Consensus Estimate by 14.3%.
Q4 Estimates
The Zacks Consensus Estimate for fourth-quarter fiscal 2024 earnings is pegged at 1 cent. In the prior-year quarter, it reported adjusted earnings of 6 cents. Estimate revisions have remained stable in the past 30 days. The consensus mark for revenues is pegged at $43.2 million, implying a 2.4% year-over-year increase.
Factors to Note
The company's top line is likely to have been bolstered by strong sales in the outdoor lifestyle category, particularly from hunt and fishing sales, as well as in shooting sports, thanks to the clearance of slow-moving inventory and increased sales of shooting accessories. Additionally, AOUT continues to benefit from the introduction of new products.