$SWHC party has run...1 of my most DD best trades last 3-4yrs ...7min to un-halted GOING DOWN!!!!!? Robert K. (@cameltrader50) Jun. 19 at 04:28 PM
The stock fell 10% after management guided to a sales decline of between 21% and 24% from the same period a year ago. Sentiment declined to 69% bullish.
Management anticipates sales to come in between $130 million and $135 million. That's less than the $139.8 million consensus had expected.
Management said GAAP EPS for the current quarter should fall between 23 cents and 25 cents. The top end of that range still fell three cents short of the consensus estimate.
Management expects sales for fiscal 2015 to fall between $585 and $600 million. GAAP EPS should come in between $1.30 and $1.40. Consensus had anticipated sales of $1.45 EPS on sales of $621.85 million.
Aside from guidance, the current quarter was not terrible. The company said sales declined 4.6% to $170.4 million. However, excluding a product that is no longer sold, sales only declined 1.5%. And that number beat expectations. Consensus had called for $160.61 million in sales. Smith & Wesson reported earnings per diluted share of $0.44 for the quarter.