Scottsdale, AZ-based TASER International Inc. (TASR) is a developer and seller of conducted electrical weapons (CEWs) equipped for use in law enforcement, military and other defence markets across the world. Their electric devices are used by over 780,000 officials in the US alone.
But off late, TASER is entering the body camera arena with a new line of products for officers.
TASER already has an edge in this space because it has an existing relationship with precincts all around the US. It should be easy for them to lean on these relationships to introduce their body camera products.
However, TASER faces intense competition in this space from various other body-mounted video camera making companies. This could definitely pose a challenge for the company going forward.
Estimate Trend & Surprise History
TASER has seen a flat track record when it comes to estimate revisions over the past few weeks as there were no revisions on either side. The consensus for earnings hasn’t been in trend either.
Coming to the earnings surprise, TASR has shown impressive activity in the last four earnings reports. The stock has trumped estimates in all the last four quarters, making for an average surprise of 71.39%. The company currently has a Zacks Rank #3 (Hold) which is a favourable signal.
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: TASER International missed on the earnings in the fourth quarter. Our consensus called for fourth-quarter EPS of 10 cents, and the company reported EPS of 9 cents.
Revenue: The company however managed to surpass the revenue estimates in the fourth quarter. TASER posted revenues of $46.8 million in the quarter, compared to our consensus estimate of $42 million.
Key Stats to Note: TASER’s Weapons segment revenues increased 7.7% year over year to $40.5 million in the fourth quarter of 2014.
AXON and EVIDENCE.com revenues saw an escalation of 159.4% to $6.4 million in the fourth quarter of 2014. Segment bookings surged 371.6% to $24.6 million from the year-ago level of $5.2 million.
Stock Price: Shares were down 1.67% ahead of the report and remained inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this TASER International earnings report!
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