Non-lethal weapons company Byrna (NASDAQ: BYRN) will be announcing earnings results this Thursday before market open. Here’s what to expect.
Byrna met analysts’ revenue expectations last quarter, reporting revenues of $28.51 million, up 40.6% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Byrna a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Byrna’s revenue to grow 35.2% year on year to $28.2 million, slowing from the 194% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 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. Byrna has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 0.1% on average.
Looking at Byrna’s peers in the aerospace and defense segment, only AAR has reported results so far. It beat analysts’ revenue estimates by 7.4%, delivering year-on-year sales growth of 11.8%. The stock traded up 4.2% on the results.
Read our full analysis of AAR’s earnings results here.Investors in the aerospace and defense segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Byrna is up 12.9% during the same time and is heading into earnings with an average analyst price target of $38.50 (compared to the current share price of $22.85).
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