Earnings To Watch: Sportsman's Warehouse (SPWH) Reports Q2 Results Tomorrow
Sportsman's Warehouse (SPWH) will report Q2 earnings tomorrow after market hours. Analysts expect flat revenue year-on-year at $291.6 million, with an adjusted loss of -$0.12 per share. The company previously beat revenue expectations by 4.6% last quarter. Despite positive sentiment in the specialty retail sector, Sportsman's Warehouse shares are down 19.8% over the past month, with an average analyst price target of $3.45 compared to the current price of $2.72. Investors are keen to see if the company can maintain its performance amid mixed results from peers.
Outdoor specialty retailer Sportsman's Warehouse will be reporting earnings this Thursday after market hours. Here’s what to look for.
Sportsman's Warehouse beat analysts’ revenue expectations by 4.6% last quarter, reporting revenues of $249.1 million, up 2% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations.
Is Sportsman's Warehouse a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Sportsman's Warehouse’s revenue to be flat year on year at $291.6 million, improving from the 6.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sportsman's Warehouse has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Sportsman's Warehouse’s peers in the specialty retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Dick's delivered year-on-year revenue growth of 5%, beating analysts’ expectations by 1.1%, and Academy Sports reported revenues up 3.3%, falling short of estimates by 0.5%. Dick's traded down 5.9% following the results.
Read our full analysis of Dick’s results here and Academy Sports’s results here.
There has been positive sentiment among investors in the specialty retail segment, with share prices up 6.3% on average over the last month. Sportsman's Warehouse is down 19.8% during the same time and is heading into earnings with an average analyst price target of $3.45 (compared to the current share price of $2.72).
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