Earnings To Watch: Byrna (BYRN) Reports Q2 Results Tomorrow

BYRN Cover Image

Non-lethal weapons company Byrna (NASDAQ: BYRN) will be reporting results this Thursday before the bell. Here’s what to look for.

Byrna met analysts’ revenue expectations last quarter, reporting revenues of $26.19 million, up 57.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates.

Is Byrna a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Byrna’s revenue to grow 40.4% year on year to $28.47 million, slowing from the 76.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.

Byrna Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Byrna has missed Wall Street’s revenue estimates four times over the last two years.

With Byrna being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for aerospace and defense stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.6% on average over the last month. Byrna is up 10.8% during the same time and is heading into earnings with an average analyst price target of $35.88 (compared to the current share price of $32.80).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.