A Prime Time to Pick Up Smith & Wesson

Last night Smith & Wesson (SWHC) reported better-than-expected quarterly results, delivering earnings per share of $0.44 vs. the consensus estimate of $0.43, per Capital IQ. Revenue climbed more than 37% year over year, also topping expectations, and gross margin continued to expand vs. a year earlier.

All in all, it was a solid quarter, and the improved backlog level confirms a favorable outlook. That has led management to raise guidance for current fiscal year 2014 (ending April 2014) to between $1.30 and $1.35 per share. That is significantly higher than the pre-earnings-release analyst consensus of $1.13 per share, and it compares with the $1.25 per share earned over the last four quarters....475 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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