Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR) will be reporting results tomorrow afternoon. Here’s what to look for.
Clarus missed analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $67.12 million, down 17.4% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is Clarus a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Clarus’s revenue to decline 9% year on year to $69.62 million, a reversal from the 3.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
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.
Looking at Clarus’s peers in the leisure products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Malibu Boats’s revenues decreased 5.1% year on year, beating analysts’ expectations by 4.8%, and Acushnet reported revenues up 7.8%, falling short of estimates by 2.1%. Malibu Boats’s stock price was unchanged after the results, while Acushnet was down 2.8%.
Read our full analysis of Malibu Boats’s results here and Acushnet’s results here.