25.07.2016 16:17:58

Gun Sales Could Drive Upside For Cabelas

MKM Partners said strong gun/ammunition sales following the nightclub shooting in Orlando should aid Cabelas Inc (NYSE: CAB)'s second-quarter results, which come amid M&A speculations.Cabela's, which is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise, is expected to announce its second quarter numbers on July 28. Wall Street expects earnings of $0.61 a share on revenue of $905.59 million.Rating, Expectations And JustificationMKM Partners, which has a Buy rating on the stock, expects EPS of $0.61 on revenue of $902.8 million.For the second quarter, MKM continues to model a 2.0 percent drop in comp after the first quarter's 4.3 percent decline. The Street's comp estimate is (1.6 percent)."We believe firearms and powersports continued ...Full story available on Benzinga.com

Weiter zum vollständigen Artikel bei "Benzinga earnings"