Yahoo Finance Vista Outdoor (VSTO) Reports Earnings Tomorrow: What To Expect
Sports and recreation company (NYSE:VSTO) will be announcing earnings results tomorrow afternoon. Here's what to expect.
Vista Outdoor missed analysts' revenue expectations by 1.2% last quarter, reporting revenues of $693.7 million, down 6.4% year on year. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' earnings estimates.
Is Vista Outdoor a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Vista Outdoor's revenue to decline 7.1% year on year to $644.3 million, improving from the 13.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.96 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 2 downward revisions over the last 30 days. Vista Outdoor has missed Wall Street's revenue estimates three times over the last two years.
Looking at Vista Outdoor's peers in the leisure products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Harley-Davidson delivered year-on-year revenue growth of 12%, beating analysts' expectations by 27.2%, and Clarus reported a revenue decline of 2.5%, falling short of estimates by 4.8%. Harley-Davidson traded up 8.7% following the results while Clarus was down 13.9%.
Read our full analysis of Harley-Davidson's results here and Clarus'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. Vista Outdoor is up 6.7% during the same time and is heading into earnings with an average analyst price target of $41.6 (compared to the current share price of $39.88).
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