Axon (AXON) Q4 Earnings Report Preview: What To Look For

Self defense company AXON (NASDAQ:AXON) will be reporting results this Tuesday after market hours. Here’s what you need to know.

Axon beat analysts’ revenue expectations last quarter, reporting revenues of $710.6 million, up 30.6% year on year. It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ ARR estimates.

Is Axon a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Axon’s revenue to grow 31.5% year on year, slowing from the 33.6% increase it recorded in the same quarter last year.

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. Axon has a history of exceeding Wall Street’s expectations.

Looking at Axon’s peers in the aerospace and defense segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Byrna delivered year-on-year revenue growth of 26%, beating analysts’ expectations by 0.9%, and Boeing reported revenues up 57.1%, topping estimates by 6.9%. Byrna traded up 20.2% following the results while Boeing was down 2.8%.

Read our full analysis of Byrna’s results here and Boeing’s results here.

There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 7.1% on average over the last month. Axon is down 28.2% during the same time and is heading into earnings with an average analyst price target of $783.68 (compared to the current share price of $436.62).

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