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The Zacks Analyst Blog Highlights: BJ's Wholesale Club, Perdoceo Education, Take-Two Interactive Software, Duluth and Vista Outdoor
Vista Outdoor Inc. (NYSE: VSTO), a global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, today announced the addition of two independent members, Ms. Fran Philip and Ms. Lynn Utter, to its Board of Directors as part of the Company's ongoing board refreshment efforts. The company also announced the upcoming retirement of a current board member, Ambassador April Foley.
Federal aid, extra jobless benefits, contributions to salaries paid by small businesses, a low interest rate environment and gradual reopening of the economy lifted consumers' spirits.
Q4 2020 Vista Outdoor Inc Earnings Call
Shares of Vista Outdoor Inc. plunged 21% in premarket trading Thursday, after the ammunition and outdoor gear company reported a first-quarter adjusted profit that beat expectations but revenue that missed and provided a downbeat second-quarter outlook. "Overall, the impact of the COVID-19 pandemic on our operations in the fourth quarter was minimal," said Chief Executive Chris Metz. "We experienced stronger than expected demand in many of our categories, including commercial ammunition, bicycle helmets and accessories, and outdoor cooking." The net loss widened to $141.2 million, or $2.44 a share, from $48.6 million, or 84 cents a share, in the year-ago period. Excluding non-recurring items, such as a $156 million impairment charge, adjusted earnings per share came to 11 cents, above the FactSet consensus of 6 cents. Revenue fell 17.3% to $426.3 million, below the FactSet consensus of $454.9 million, as shooting sports sales declined 21% and outdoor products sales fell 9%. For the fiscal first quarter, the company expects a per-share loss of 5 cents to breakeven, while the FactSet consensus is for EPS of 7 cents, and expects revenue of $370 million to $400 million, which is below the FactSet consensus of $471 million. Vista's stock has rallied 29.7% year to date through Wednesday, while the S&P 500 has declined 11.8%.
Vista Outdoor (VSTO) delivered earnings and revenue surprises of 57.14% and -5.10%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Vista Outdoor (NYSE:VSTO) rose 0.5% in pre-market trading after the company reported Q4 results.Quarterly Results Earnings per share increased 1000.00% over the past year to $0.11, which beat the estimate of $0.06.Revenue of $426,311,000 lower by 17.28% from the same period last year, which missed the estimate of $454,890,000.Outlook Q1 EPS expected between ($0.05) and $0.00.Q1 revenue expected between $370,000,000 and $400,000,000.Details Of The Call Date: May 07, 2020View more earnings on VSTOTime: 09:02 AM ETWebcast URL: https://investors.vistaoutdoor.com/event-calendar/default.aspxPrice Action Company's 52-week high was at $10.8052-week low: $4.29Price action over last quarter: down 6.64%Company Overview Vista Outdoor Inc designs, develops, and manufactures outdoor sports and recreation products, and is domiciled in the United States. The company organizes itself into two segments: shooting sports and outdoor products. Shooting sports, which contributes the largest proportion of company revenue, includes ammunition, long guns, and related equipment under brands such as Federal Premium, Blackhawk, and Hoppe's. Outdoor products include archery and hunting accessories, eyewear, golf products, hydration products, and stand-up paddle boards under brands including CamelBak and Bushnell. The company derives the vast majority of revenue domestically.See more from Benzinga * Recap: Realogy Holdings Q1 Earnings * Recap: Syros Pharmaceuticals Q1 Earnings * Houghton Mifflin Harcourt: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Zacks Analyst Blog Highlights: Pluralsight, Quidel, Vista Outdoor, SunOpta and Nautilus
Investors who take an interest in Vista Outdoor Inc. (NYSE:VSTO) should definitely note that the CEO & Director...
Zacks.com featured highlights include: Vista Outdoor, 21Vianet, Electromed and GAIN Capital
Joining me today are Chris Metz, chief executive officer; and Sudhanshu Priyadarshi, our new senior vice president and chief financial officer; and Andy Keegan, vice president of FP&A. Good morning, and thank you, Kelly.
Vista Outdoor (NYSE: VSTO), a maker of outdoor sporting goods and also ammunition for firearms (but no longer the firearms themselves), reported its fiscal fourth-quarter 2020 earnings this morning, sending its shares down 29.4% by 11:15 a.m. EDT. Vista "missed" on its sales for the quarter, reporting $426 million in revenue versus the $456 million Wall Street had expected. Here's the thing: The $0.05 in "extra" earnings that Vista made in the final quarter of fiscal 2020, it seems likely to give back in the first quarter of 2021.
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Zacks Industry Outlook Highlights: Pool, Brunswick, YETI, Peloton and Vista Outdoor
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Shareholders in Vista Outdoor Inc. (NYSE:VSTO) had a terrible week, as shares crashed 27% to US$7.04 in the week since...