Wedbush Sets Expectations On Smith & Wesson Into Earnings

In a research note issued today, Wedbush analyst Rommel Dionisio reiterated coverage with an Outperform rating on Smith & Wesson (NASDAQ:SWHC) and a $20 price target, ahead of the company’s first-quarter fiscal 2015 results, which will be reported on August 26, after the close of the market.

Dionisio noted, “We expect Q1 revenue of $138 million and EPS of $0.27, slightly above consensus and the high end of the guided range of $130-135 million and $0.23-0.25, respectively. S&W will report Q1 results after market close on August 26; earnings call at 5 p.m. EDT, dialin 857-244-7304, conf. ID 73268897. S&W has clearly gained share in recent quarters; for example, retail unit sales rose 9% inQ4, well above the 20% industry decline. We expect various upcoming new products to help S&W continue gaining share, including the recent launch of M&P 22 Compact Pistols.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Rommel Dionisio has a total average return of 8.9% and a 52.9% success rate. Dionisio has an 45.1% average return when recommending SWHC, and is ranked #630 out of 3257 analysts.

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