NEW YORK (TheStreet) -- Shares of Smith & Wesson (SWHC) were moving between gains and losses in after-hours trading on Thursday after the company posted better-than-expected results for the 2017 fiscal first quarter.
After today's market close, the Springfield, MA-based manufacturer of firearms reported earnings of 62 cents per diluted share, surpassing analysts' estimates of 53 cents per share.
Revenue spiked 40.1% to $207 million year-over-year and was above Wall Street's projections of $198 million.
"Strong gross margins in the quarter were driven by several factors, including increased production volumes in the firearms segment. Operating cash flow was positive at $38.1 million despite our seasonal inventory build as we prepare for the upcoming fall hunting and holiday shopping seasons," CFO Jeffrey Buchanan said in a statement.
For the fiscal second quarter, Smith & Wesson sees earnings per share between 53 cents and 57 cents on revenue of $220 million to $230 million. Analysts are modeling earnings of 35 cents per share on revenue of $165 million for the current period.
Full-year adjusted earnings per share are expected to range between $2.38 and $2.48 on revenue of $900 million to $920 million. Analysts are looking for revenue of $1.92 per share on revenue of $777 million for fiscal 2017.
More than 3.97 million of the company's shares traded today compared to its average 30-day volume of 1.5 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income.
Recently, 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.
You can view the full analysis from the report here: SWHC