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 defense 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
Investors should note that the fourth quarter Zacks Consensus Estimate for earnings of 4 cents per share has remained stable over the last 30 days.
Coming to the earnings surprise, TASR has shown impressive activity reporting positive earnings surprises in two of the last four quarters with an average beat of 20.42%. The company currently has a Zacks Rank #4 (Sell).
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 Beat
Our consensus called for fourth quarter EPS of 4 cents, and the company reported adjusted EPS of 9 cents.
Revenue Beat
The company posted revenues of $56 million in fourth quarter, compared to our consensus estimate of $50 million.
Key Developments to Note
Bookings in 20Array5 was worth $44.7 million versus $24.6 million a year-ago.
Check back later for our full write up on this TASR earnings report later!
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