Smith & Wesson Holding (SWHC) announced Wednesday morning that it now expects to report fourth quarter net sales of between $175.0 million and $179.0 million and non-GAAP EPS of $0.39 to $0.41. The consensus estimates are for revenues of $164.62 million and EPS of $0.26.
Full year net sales are now expected to be between $546.0 million and $550.0 million, with non-GAAP EPS of $0.96 to $0.98. Analysts are expecting revenues of $535.53 million and EPS of $0.77.
SWHC featured on 'Short-Term Investor' on January 20 at an opening price of $11. Yesterday, the stock touched an intra-day high of $15, representing a gain of 36% from our published price in 60 trading days.
Smith & Wesson gapped open sharply higher Wednesday and rose in early trade, before settling into a range. The stock closed up by 1.97 at $14.97 on strong volume. Smith & Wesson surged to its highest level since late June.
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