Black Diamond, Inc. (NASDAQ:BDE) Set to Announce Quarterly Earnings on Monday
Black Diamond, Inc. (NASDAQ:BDE) is set to announce its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.
Black Diamond (NASDAQ:BDE) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $41.56 million during the quarter, compared to the consensus estimate of $39.22 million. Black Diamond had a negative return on equity of 0.03% and a negative net margin of 4.24%. Black Diamond’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. On average, analysts expect Black Diamond to post $0.19 EPS for the current fiscal year and $0.34 EPS for the next fiscal year.
Shares of Black Diamond, Inc. (BDE) opened at 6.75 on Monday. The company has a 50-day moving average price of $6.59 and a 200-day moving average price of $5.85. Black Diamond, Inc. has a 12 month low of $4.15 and a 12 month high of $7.10.
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Separately, Zacks Investment Research upgraded Black Diamond from a “strong sell” rating to a “strong-buy” rating and set a $6.25 target price for the company in a report on Tuesday, May 9th.
About Black Diamond
Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.
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