Axon Enterprise Stock Drops 30.3% Month-to-Date, Eyes Feb. 24 Earnings
Axon Enterprise shares slid 2.8% to close at $434.45, underperforming a 0.01% drop in the S&P 500 and falling 30.3% over the past month versus a 0.4% sector decline. Analysts forecast February 24 earnings of $1.67 EPS (down 19.7% y/y) on $753.7 million revenue (up 31.0%).
1. Recent Stock Performance
Axon Enterprise closed at $434.45 after a 2.8% decline in the latest session, lagging the S&P 500’s 0.01% fall, the Dow’s 0.13% drop and the Nasdaq’s 0.16% slide. The stock has tumbled 30.33% over the past month, far underperforming the Aerospace sector’s 0.4% loss and the S&P 500’s 0.28% decline.
2. Upcoming Earnings Expectations
The company is set to report fourth-quarter results on February 24, with consensus estimates calling for $1.67 EPS, a 19.7% decrease versus the year-ago quarter, on $753.65 million in revenue, up 31.04% y/y. Full-year projections stand at $6.37 per share in earnings (+7.24%) and $2.74 billion in revenue (+31.3%).
3. Valuation Metrics
Axon Enterprise trades at a forward P/E of 57.65, a premium to the Aerospace-Defense Equipment average of 37.04. Its PEG ratio of 2.32 also exceeds the industry average of 2.17, while the sector ranks 57th out of 250+ industries, placing it in the top 24%.