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A month has gone by since the last earnings report for Axon Enterprise (AXON). Shares have lost about 2.3% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Axon due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -107.22% due to these changes.
VGM Scores
At this time, Axon has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, Axon has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Axon belongs to the Zacks Aerospace - Defense Equipment industry. Another stock from the same industry, Curtiss-Wright (CW), has gained 3.4% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.
Curtiss-Wright reported revenues of $824.31 million in the last reported quarter, representing a year-over-year change of +4.9%. EPS of $3.27 for the same period compares with $3.16 a year ago.
Curtiss-Wright is expected to post earnings of $2.40 per share for the current quarter, representing a year-over-year change of +20.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.
Curtiss-Wright has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
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Axon Enterprise, Inc (AXON) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).