Smith & Wesson (SWHC) Turns Negative into Q3 Results; Strong EPS Growth Expected

March 5, 2013 1:00 PM EST
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Smith & Wesson (Nasdaq: SWHC) has moved into negative territory Tuesday afternoon, heading into the company's third-quarter 2013 report.

Currently, the Street is looking for Smith & Wesson to report revs of $133.7 million and EPS of 23 cents. Numbers compare with revs of $98.1 million and EPS of just 8 cents in the same period last year.

Traders will note that Sturm Ruger & Co. (NYSE: RGR) posted quarterly EPS of $1.00 on revs of $141.8 million, topping views calling for EPS of 94 cents and revs of $124 million.

Largely, the gains are expected as anticipation of new, stricter guns laws sent many into a buying frenzy. Any sort of guidance Smith & Wesson can offer on the call will almost be more important than actual results.

Volume on the move today is at about 5.3 million shares, versus the daily average of 4.7 million. The stock is currently down 0.4 percent.

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