From: Zen Dollar Round | 1/15/2021 10:56:58 AM | | | | Axon Enterprise, Inc. Expected to Post Earnings of $0.35 Per Share
Brokerages forecast that Axon Enterprise, Inc. (NASDAQ:AAXN) will post $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Axon Enterprise’s earnings, with estimates ranging from $0.31 to $0.43. Axon Enterprise reported earnings of $0.41 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 25th.
On average, analysts expect that Axon Enterprise will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.23. For the next year, analysts expect that the company will report earnings of $1.29 per share, with EPS estimates ranging from $1.12 to $1.46. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Axon Enterprise.
More at: dailypolitical.com |
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From: Zen Dollar Round | 7/23/2021 9:52:39 AM | | | | Axon to Release Second Quarter 2021 Earnings on August 5, 2021
SCOTTSDALE, Ariz., July 22, 2021 /PRNewswire/ -- Axon (Nasdaq: AXON), the global leader in connected public safety technologies, today announced that it will report second quarter 2021 financial results after the market closes on Thursday, August 5, 2021. Axon executives Rick Smith, CEO and founder; Luke Larson, president; and Jawad Ahsan, CFO; will host a live Zoom video webinar to discuss the company's financial results at 5 p.m. ET that same day.
More at: prnewswire.com |
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From: Zen Dollar Round | 8/7/2024 10:25:21 AM | | | | Axon Enterprise (AXON) Q2 Earnings and Revenues Top Estimates
Zacks Equity Research Tue, Aug 6, 2024, 2:15 PM PDT
Axon Enterprise (AXON) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 13.21%. A quarter ago, it was expected that this maker of stun guns and body cameras would post earnings of $0.97 per share when it actually produced earnings of $1.15, delivering a surprise of 18.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Axon, which belongs to the Zacks Security and Safety Services industry, posted revenues of $504.1 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.70%. This compares to year-ago revenues of $374.61 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Axon shares have added about 10.8% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Axon?
While Axon has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Axon: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.18 on $511.22 million in revenues for the coming quarter and $4.64 on $1.98 billion in revenues for the current fiscal year.
Link: finance.yahoo.com |
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From: Zen Dollar Round | 8/8/2024 6:36:23 AM | | | | Axon Stock Jumps As Taser Maker's AI Service Is A Hit
Axon Enterprise ( AXON), which supplies the Taser, body cameras and cloud-based digital evidence systems to law enforcement, easily beat second-quarter earnings estimates after Tuesday's close.
Yet the best news was how its Draft One artificial intelligence service is taking off, though it didn't meaningfully impact Q2 results. Axon stock is surging higher, flashing an early entry in Wednesday morning stock market action.
"Our customers' response to Draft One is better than anything I've seen, better than we could have imagined," Axon CEO Patrick Smith said in a Tuesday afternoon earnings call.
Draft One, launched in April, writes the first draft of a police report based on Axon Body Camera recordings. Axon says the AI-enabled product saves more than 50% of the time in writing reports. While immaterial to Q2 results, Draft One has generated over $100 million in yet-to-be recorded revenue faster than any other Axon software product, Smith said.
William Blair analyst Jonathan Ho wrote in a Wednesday note that Draft One could help drive adoption across Axon's platform of solutions, since it requires other subscriptions, including transcription, connectivity and Axon Cloud.
Ho wrote that Axon's fast growth may "be sustained for longer than investors anticipate" as it uncovers more opportunities to add value to customers, potentially improving the efficiency and effectiveness of public safety agencies.
Axon Earnings
Estimates: Analysts expected Q2 earnings per share to slip 8% to $1.02 as revenue grew 28% to $477.9 million.
Results: Axon earnings per share rose 9% to $1.20. Revenue leapt 34.6% to $504.1 million, the second-straight quarter of accelerating growth.
That growth was broad-based. Axon Cloud digital evidence management revenue grew 47% to $194.7 million. Sensors, including body and fleet cameras, brought in $112.4 million in revenue, up 28%. Taser revenue, including virtual reality training, rose 28% to $197 million.
Outlook: Axon raised its full-year revenue outlook to a range of $2-$2.05 billion, up from $1.94-$1.99 billion.
Axon Stock
Axon stock soared 19.4% to 352.25 in Wednesday afternoon stock market action, rising as high as 367.95 before cooling off.
After breaking support in turbulent markets on Friday and Monday, Axon rebounded 3.1% to 295 to its 50-day moving average on Tuesday.
On Wednesday, Axon gapped up to 332 at the open, clearing an official 329.87 buy point, according to MarketSurge. The top of the buy zone is 346.36.
Keep in mind that while a market rally attempt has just gotten underway, investors should exercise a higher degree of caution.
Link: investors.com |
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