Ammo Inc reports results for the quarter ended in December - Earnings Summary

Outdoor Holding

08/02/2024 23:32

* Ammo Inc  POWW.OQ  reported a quarterly adjusted loss of 2
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -4
cents.  The mean expectation of two analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -3 cents tozero cents per share.
    * Revenue fell 7% to $36.01 million from a year ago;
analysts
expected $34.81 million. 
    * Ammo Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $1.64 million.
    * Ammo Inc shares had risen by 2.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 200%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Ammo Inc is $3.00
This summary was machine generated from LSEG data February 8 at
11:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.01          -0.02          Missed
 Sep. 30 2023      -0.02          -0.07          Missed
 Jun. 30 2023      -0.02          -0.02          Met
 Mar. 31 2023      -0.01          -0.03          Missed