Smith and Wesson (SWHC) Earnings Preview
On Thursday, June 16 th , Smith & Wesson ( SWHC ) will release earnings for Q4 2016 . The company is currently a Zacks Rank #5 (Strong Sell) and shares are down 23% in the last three months.
In today's live stream, David Bartosiak goes through SW's past earnings history, and expectations for today's announcement. Then he digs into the options chain for potent trades.
SWHC in Focus
Smith & Wesson Holding Corporation is one of the world's leading producers of quality handguns, law enforcement products and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company's products for 150 years.
The company is coming off a decent earnings beat last quarter, as SWHC surpassed estimates by over 43%, continuing a nice streak for the company in earnings season. However, despite the beat, investors are getting concerned about the gun market and continued growth in this segment, leading shares to their precarious position now.
SMITH & WESSON Price, Consensus and EPS Surprise
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David Bartosiak is the editor of the Momentum Trader and Home Run Investor service. He has over a decade of experience in the financial services industry. He has traded forex, futures, stocks, and options. Mr. Bartosiak is a frequent guest on popular business news TV channels such as Bloomberg TV. He's also the host of a light-hearted, Millennial-minded series of videos called "Trending Stocks."
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