Ruger Q3 Revenue Up 3.7% to $126.8M but Earnings Miss Estimates
Ruger posted Q3 revenues of $126.8 million, a 3.7% increase year-over-year, but missed analysts’ EBITDA and EPS estimates. For Q4, Street forecasts a 4.5% revenue decline following an 11.6% gain last year, with shares trading at $37.25 and a $44.50 average price target.
1. Earnings Preview
Ruger is scheduled to release its Q4 earnings tomorrow after market hours, with investors focused on revenue and margin trends.
2. Q3 Performance
In Q3, revenue reached $126.8 million, up 3.7% year-over-year, but the company missed analysts’ estimates for both EBITDA and earnings per share.
3. Q4 Revenue Outlook
For Q4, analysts project a 4.5% revenue decline compared with last year's 11.6% increase, and forecasts have remained stable over the past month despite a history of revenue misses over two years.
4. Peer Comparisons and Analyst Sentiment
Peers MasterCraft and Brunswick posted respective revenue gains of 13.2% and 15.5%, topping expectations, while Ruger shares traded at $37.25 with an average $44.50 price target heading into earnings.