Shares of Sportsman’s Warehouse Holdings (NASDAQ: SPWH) plunged in pre-market trading on Thursday after the outdoor specialty retailer’s Q1 guidance left investors disappointed. The company expects comparable sales to continue to decline in the range of 19% to 17% year-over-year in the first quarter. Net sales in Q1 have been projected to be between $265 million and $270 million, below the consensus estimates of $319.7 million.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
SPWH expects to report an adjusted diluted loss in Q1 in the range of $0.40 to $0.35 per share worse than analysts’ estimates of earnings of $0.02 per share.
In the fourth quarter, Sportsman’s revenues declined by 8.9% year-over-year to $379.3 million, exceeding consensus forecasts of $319.7 million. Adjusted earnings came in at $0.33 per diluted share versus $0.49 in the same period a year back, while analysts were expecting an EPS of $0.03.
Analysts rate SPWH stock a Strong Buy with unanimous three Buys.