The Axon Self -Defense Company (Nasdaq: Axon) will announce the results of the results this Monday after the bell. Here’s what you need to know.
Axon defeated the expectations of analysts’ income by 2.8% in the last quarter, declaring income of $ 603.6 million, up 31.3% over one year. It was an exceptional quarter for the company, with a solid rhythm of the estimates of the volume of sales of analysts and a solid beat of EBITDA EBITDA of analysts.
Is Axon a purchase or a sale in income? Read our full analysis here, it’s free.
This quarter, analysts expect Axon’s revenues to increase by 27.4% over a year to $ 641 million, slowing down the 35% increase in the same quarter last year. The adjusted profits should come at $ 1.46 per share.
The majority of analysts covering the company have reconfirmed their estimates in the last 30 days, suggesting that they anticipate the company to remain the course before income. Axon has only missed the Wall Street income estimates once in the past two years, exceeding high -level expectations of 3%on average.
Looking at Axon’s peers in the aerospace and defense segment, some have already reported their T2 results, which gives us an indication about what we can expect. Byrna has recorded growth in annual shift income of 40.6%, meeting analysts’ expectations, and AAR said income up 14.9%, exceeding estimates of 8.6%. Byrna dropped by 28.8% after the results while the AAR increased by 13.4%.
Read our complete analysis of Byrna’s results here and AAR’s results here.
Investors in the aerospace and defense segment have had stable hands in profits, equity prices being stable in the last month. Axon is down 7.5% in the same time and heads for profit with an average analyst price target of $ 781.27 (compared to the current share of $ 742).
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