Nautilus (NLS) Stock Surging on Q2 Results Beat

NEW YORK (TheStreet) -- Shares of Nautilus  (NLS)  were up 14.37% to $21.09 on heavy volume in late-afternoon trading on Tuesday after the company announced an earnings and revenue beat for the 2016 second quarter on Monday. 

So far today, 1.80 million shares have traded hands vs. the stock's average trading volume of 242,484 shares a day. 

After yesterday's market close, Nautilus reported earnings of 12 cents per share, above analysts' estimates of 9 cents per share. 

Revenues rose 31.5% year-over-year to $78.5 million, beating analysts' estimates of $77.6 million. 

Sales in the company's retail segment rose 89% year-over-year to $32.9 million, due in large part to the company's acquisition of Octane Fitness this past January. Nautilus said it expects the sales growth to continue.

"As we enter the back half of the year, we are well positioned for more growth with a number of new product introductions and increased market penetration secured in the Retail segment," CEO Bruze Cazenave, said in the announcement. 

Vancouver-based Nautilus develops and manufactures home fitness equipment brands Bowflex, Nautilus, Schwinn Fitness, and Universal. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings team rates Nautilus as a Buy with a ratings score of B+. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks that the team covers. 

You can view the full analysis from the report here: NLS

NLS Chart NLS data by YCharts

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