Outdoor specialty retailer Sportsman's Warehouse (NASDAQ:SPWH) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.
Sportsman's Warehouse beat analysts’ revenue expectations by 7.9% last quarter, reporting revenues of $324.3 million, down 4.8% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
This quarter, analysts are expecting Sportsman's Warehouse’s revenue to decline 11.3% year on year to $328.7 million, a further deceleration from the 2.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.06 per share.
Analysts covering the company have generally 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 Q4 results, giving us a hint as to what we can expect. Dick's posted flat year-on-year revenue, beating analysts’ expectations by 3.2%, and Academy Sports reported a revenue decline of 6.6%, in line with consensus estimates. Dick's traded down 7.7% following the results while Academy Sports’s stock price was unchanged.
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