Thursday, June 30, 2022 - Ammo Inc (POWW) reported in line earnings and downside revenues.
Ammo Inc's earnings came in at an EPS of $0.09 per share, in line with estimates for an EPS of $0.09 per share. The firm's earnings are up 125% since reporting $0.04 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.
Revenues were downbeat at $70.1 million. That is an increase of 189.68% in revenues from the year-ago report and is 6.53% lower than consensus estimates set at $75 million.
The stock is down 3.32% to $3.96 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Ammo Inc a Bearish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 38. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.
AMMO, Inc. is the owner of GunBroker.com, an online marketplace serving the firearms and shooting sports industries, and a vertically integrated producer of high-performance ammunition and components.