Non-lethal weapons company Byrna (NASDAQ: BYRN) will be reporting earnings this Thursday before market hours. Here’s what you need to know.
Byrna missed analysts’ revenue expectations last quarter, reporting revenues of $16.39 million, down 42.5% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Byrna a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Byrna’s revenue to decline 42.7% year on year, a reversal from the 35.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Byrna has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Byrna’s peers in the aerospace and defense segment, only AAR has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 24.1%. The stock was down 7.2% on the results.
Read our full analysis of AAR’s earnings results here.In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the aerospace and defense stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.6% on average over the last month. Byrna is up 4% during the same time and is heading into earnings with an average analyst price target of $6.83 (compared to the current share price of $3.78).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
