© Reuters.
Dhirendra Tripathi
Investing.com – American Outside Manufacturers (NASDAQ:) (NASDAQ:) shares jumped 15% in Thursday’s commerce after a blowout quarter had the corporate giving a rosy outlook for 2021.
Following the January quarter outcomes, B. Riley monetary analyst Eric Wold raised his value goal to $34 and reiterated a purchase. The worth goal is a 25% hike from the present ranges.
Within the quarter ended January, AOB’s revenues rose 90.7% year-over-year, to $82.6 million, and exceeded the consensus estimates of $59.02 million, as per TipRanks. The superlative show got here on the again of will increase in each ecommerce and conventional gross sales channels.
Adjusted earnings greater than tripled to 82 cents per share and beat the Road estimate of 36 cents by a large margin. Gross margins within the quarter got here at 45.2%, up from 44.1%.
For the fiscal 12 months ending April 30, 2021, the corporate stated its income can be between $268 million and $272 million. That is larger than the consensus estimate of $244.93 million, as per TipRanks.
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