In This Article:
Non-lethal weapons company Byrna (NASDAQ:BYRN) will be announcing earnings results tomorrow before the bell. Here’s what you need to know.
Byrna met analysts’ revenue expectations last quarter, reporting revenues of $20.85 million, up 194% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Byrna a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Byrna’s revenue to grow 79% year on year to $28 million, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Byrna has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Byrna’s peers in the aerospace and defense segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Mercury Systems delivered year-on-year revenue growth of 13%, beating analysts’ expectations by 23.9%, and AAR reported revenues up 25.8%, topping estimates by 4.8%. Mercury Systems traded up 18.3% following the results while AAR was also up 8.6%.
Read our full analysis of Mercury Systems’s results here and AAR’s results here.
There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 2.8% on average over the last month. Byrna is down 5.2% during the same time and is heading into earnings with an average analyst price target of $27.13 (compared to the current share price of $27.50).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.