TASER International Beats on Q4 Earnings & Revenues (Revised)
Scottsdale, AZ-based TASER International Inc.TASR is a developer and seller of conducted electrical weapons (CEWs) equipped for use in law enforcement, military and other defense markets across the world. More than 850,000 TASER weapons have been sold since Array994 to more than Array8,000 law enforcement agencies.
TASER has a growing suite of technology solutions, including Axon body-worn video cameras and Evidence.com, a secure digital evidence management platform.
However, TASER faces intense competition in this space from various other body-mounted video camera making companies. This could definitely pose a challenge for the company going forward.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 4 cents per share has remained stable over the last 30 days.
Coming to the earnings surprise, TASR has shown impressive activity reporting positive earnings surprises in two of the last four quarters with an average beat of 20.42%. The company currently has a Zacks Rank #3 (Hold).
Going further, things could definitely change given the company's recently released earnings results. Below, we have mentioned some of the vital information from this announcement:
Our consensus called for fourth quarter EPS of 4 cents, and the company reported adjusted EPS of 9 cents.
The company posted revenues of $56 million in the fourth quarter, compared to our consensus estimate of $50 million.
Key Developments to Note
Bookings in 20Array5 were worth $44.7 million versus $24.6 million a year ago.
Check back later for our full write up on this TASR earnings report later!
(We have revised this article to correct a mistake. The previous version, published on Feb 29, should not be relied upon.)