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Axon (AXON) To Report Earnings Tomorrow: Here Is What To Expect

AXON Cover Image

Self defense company AXON (NASDAQ: AXON) will be announcing earnings results this Monday after the bell. Here’s what you need to know.

Axon beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $603.6 million, up 31.3% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ sales volume estimates and a solid beat of analysts’ EBITDA estimates.

Is Axon a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Axon’s revenue to grow 27.4% year on year to $641 million, slowing from the 35% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.46 per share.

Axon Total Revenue

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. Axon has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3% on average.

Looking at Axon’s peers in the aerospace and defense segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Byrna delivered year-on-year revenue growth of 40.6%, meeting analysts’ expectations, and AAR reported revenues up 14.9%, topping estimates by 8.6%. Byrna traded down 28.8% following the results while AAR was up 13.4%.

Read our full analysis of Byrna’s results here and AAR’s results here.

Investors in the aerospace and defense segment have had steady hands going into earnings, with share prices flat over the last month. Axon is down 7.5% during the same time and is heading into earnings with an average analyst price target of $781.27 (compared to the current share price of $742).

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