For the quarter ended March 2024, Axon Enterprise (AXON) reported income of $460.74 million, up 34.3% over the identical interval final 12 months. EPS got here in at $1.15, in comparison with $0.88 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $437.52 million, representing a shock of +5.31%. The corporate delivered an EPS shock of +18.56%, with the consensus EPS estimate being $0.97.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s worth efficiency extra precisely.
Right here is how Axon carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Annual recurring income: $825 in comparison with the $750.46 common estimate primarily based on three analysts.
- Income- TASER: $178.75 million in comparison with the $159.96 million common estimate primarily based on 5 analysts. The reported quantity represents a change of +33.1% 12 months over 12 months.
- Internet Gross sales- Software program and Sensors: $281.99 million versus $277.56 million estimated by 5 analysts on common. In comparison with the year-ago quarter, this quantity represents a +35.1% change.
- Internet Gross sales- Companies- Software program and Sensors: $176.47 million versus the five-analyst common estimate of $166.97 million. The reported quantity represents a year-over-year change of +51.5%.
- Internet Gross sales- Merchandise- Software program and Sensors: $105.52 million versus the five-analyst common estimate of $110.59 million. The reported quantity represents a year-over-year change of +14.3%.
- Internet Gross sales- Merchandise: $272.05 million versus $261.02 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a +24% change.
- Internet Gross sales- Companies: $188.69 million in comparison with the $173.56 million common estimate primarily based on 4 analysts. The reported quantity represents a change of +52.6% 12 months over 12 months.
- Internet Gross sales- Merchandise- TASER: $166.53 million versus $150.94 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a +24% change.
- Internet Gross sales- Companies- TASER: $12.22 million versus the three-analyst common estimate of $10.28 million. The reported quantity represents a year-over-year change of +69.7%.
- Internet Gross sales- Merchandise- TASER- Prolonged warranties: $8.53 million versus the two-analyst common estimate of $8 million.
- Internet Gross sales- Merchandise- TASER- Different: $3.13 million versus $5.28 million estimated by two analysts on common.
- Internet gross sales by Product- Software program and Sensors segment- Axon Physique: $51.21 million in comparison with the $51.75 million common estimate primarily based on two analysts.
View all Key Company Metrics for Axon here>>>
Shares of Axon have returned +2.8% over the previous month versus the Zacks S&P 500 composite’s -1.6% change. The inventory at present has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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Axon Enterprise, Inc (AXON) : Free Stock Analysis Report
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