Zacks: Brokerages Expect Axon Enterprise Inc (AAXN) to Announce -$0.03 EPS

Equities analysts forecast that Axon Enterprise Inc (NASDAQ:AAXN) will report earnings per share of ($0.03) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Axon Enterprise’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.01). Axon Enterprise posted earnings per share of $0.12 during the same quarter last year, which would suggest a negative year over year growth rate of 125%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Axon Enterprise will report full year earnings of $0.15 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.29. For the next fiscal year, analysts expect that the firm will post earnings of $0.28 per share, with EPS estimates ranging from $0.08 to $0.59. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Axon Enterprise.

Axon Enterprise (NASDAQ:AAXN) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Axon Enterprise had a net margin of 4.32% and a return on equity of 7.91%. The business had revenue of $90.26 million during the quarter, compared to analyst estimates of $82.89 million. During the same period in the previous year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year.

Several analysts recently issued reports on the stock. Oppenheimer reissued a “hold” rating on shares of Axon Enterprise in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Axon Enterprise from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. JPMorgan Chase & Co. lifted their price target on shares of Axon Enterprise from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, December 21st. Dougherty & Co reduced their price target on shares of Axon Enterprise from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Finally, BidaskClub raised shares of Axon Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.20.

Shares of Axon Enterprise (NASDAQ:AAXN) opened at $26.82 on Wednesday. Axon Enterprise has a 52-week low of $20.57 and a 52-week high of $28.17. The stock has a market cap of $1,420.00, a price-to-earnings ratio of 107.28, a P/E/G ratio of 3.84 and a beta of 1.19.

A number of institutional investors and hedge funds have recently bought and sold shares of AAXN. FMR LLC purchased a new position in Axon Enterprise during the 2nd quarter worth $198,826,000. BlackRock Inc. purchased a new position in Axon Enterprise during the 2nd quarter worth $189,870,000. Vanguard Group Inc. purchased a new position in Axon Enterprise during the 2nd quarter worth $92,258,000. Abdiel Capital Advisors LP purchased a new position in Axon Enterprise during the 2nd quarter worth $73,860,000. Finally, State Street Corp purchased a new position in Axon Enterprise during the 2nd quarter worth $57,884,000. 95.73% of the stock is currently owned by hedge funds and other institutional investors.

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About Axon Enterprise

Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.

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