American firearms manufacturer Smith & Wesson (NASDAQ: SWBI) will be reporting results this Thursday after the bell. Here’s what to expect.

Smith & Wesson beat analysts’ revenue expectations by 7.4% last quarter, reporting revenues of $85.08 million, down 3.7% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is Smith & Wesson a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Smith & Wesson’s revenue to decline 4.6% year on year to $123.7 million, a reversal from the 3.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.02 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Smith & Wesson has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 7.4% on average.

Looking at Smith & Wesson’s peers in the leisure products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Harley-Davidson delivered year-on-year revenue growth of 16.5%, beating analysts’ expectations by 2.8%, and Malibu Boats reported revenues up 13.5%, topping estimates by 4.3%. Harley-Davidson traded down 6.2% following the results while Malibu Boats was also down 14.4%.

Read our full analysis of Harley-Davidson’s results here and Malibu Boats’s results here.

There has been positive sentiment among investors in the leisure products segment, with share prices up 3.3% on average over the last month. Smith & Wesson is down 4.6% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $8.77).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.