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11 hours ago
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Smith & Wesson Brands, Inc. Reports Fourth Quarter and Full Fiscal 2025 Financial Results
- Q4 Net Sales of $140.8 Million - Q4 Gross Margin of 28.8%; Non-GAAP Gross Margin of 29.2% - Q4 EPS of $0.19/Share Maryville, Tennessee--(Newsfile Corp. - June 18, 2025) - Smith & Wesson Brands, Inc. (NASDAQ: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced financial results for the fourth quarter and full fiscal year 2025, ended April 30, 2025. Fourth Quarter Fiscal 2025 Financial Highlights Net sales were $140.8 million, a decrease of $18.4 million, or 11.6%, from the comparable quarter last year. Gross margin was 28.8% compared with 35.5% in the comparable quarter last year. GAAP net income was $8.6 million, or $0.19 per diluted share, compared with $27.3 million, or $0.59 per diluted share, for the comparable quarter last year. Non-GAAP net income was $9.0 million, or $0.20 per diluted share, compared with $22.1 million, or $0.48 per diluted share, for the comparable quarter last year. GAAP to non-GAAP adjustments for income exclude costs related to the relocation. For a detailed reconciliation, see the schedules that follow in this release. Non-GAAP Adjusted EBITDAS was $24.1 million, or 17.2% of net sales, compared with $37.6 million, or 23.6% of net sales, for the comparable quarter last year. Full Year Fiscal 2025 Financial Highlights Net sales were $474.7 million, a decrease of $61.2 million, or 11.4%, from the prior fiscal year. Gross margin was 26.8% compared with 29.5% in the prior fiscal year. GAAP net income was $13.4 million, or $0.30 per diluted share, compared with $41.4 million, or $0.89 per diluted share, for the prior fiscal year. Non-GAAP net income was $14.6 million, or $0.33 per diluted share, compared with $44.4 million, or $0.96 per diluted share, for the prior fiscal year. GAAP to non-GAAP adjustments for income include costs related to the relocation, a gain on sale of certain real estate, and other costs. For a detailed reconciliation, see the schedules that follow in this release. Non-GAAP Adjusted EBITDAS was $67.3 million, or 14.3% of net sales, compared with $96.6 million, or 18.0% of net sales, for the prior fiscal year. Mark Smith, President and Chief Executive Officer, commented, "Fourth quarter proved more difficult than we anticipated largely due to macro-economic and industry trends. While the combination of lower sales and production volumes, along with mix factors, pressured margins, we were able to partially offset the bottom-line impact through disciplined cost management and by leveraging our flexible manufacturing model. Looking at the overall firearms market, we continue to see consumers generally being cautious due to macro-economic factors pressuring discretionary spending. While new products and lower price point offerings are still performing well, overall conditions suggest headwinds will likely persist in the near term. Despite these challenges, we remain well positioned to succeed in this environment." Deana McPherson, Executive Vice President and Chief Financial Officer, commented, "We believe that firearm market conditions have been negatively impacted by persistent inflation, high interest rates, and uncertainty caused by tariff concerns. That being said, the success of our new products has enabled us to maintain a leadership position in the categories of the firearm market in which we compete. We currently expect demand for firearms in fiscal 2026 to be similar to what we saw in fiscal 2025, remaining subject to economic headwinds such as inflation and the impact of tariff-related cost increases. Consistent with our capital allocation strategy, our board of directors has authorized a $0.13 per share quarterly dividend, which will be paid to stockholders of record on July 7, 2025 with payment to be made on July 21, 2025." Conference Call and Webcast The company will host a conference call and webcast on June 18, 2025 to discuss its fourth quarter and full fiscal 2025 financial and operational results. Speakers on the conference call will include Mark Smith, President and Chief Executive Officer, and Deana McPherson, Executive Vice President and Chief Financial Officer. The conference call may include forward-looking statements. The conference call and webcast will begin at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). Interested parties in North America are invited to participate by dialing 1-877-704-4453. Interested parties from outside North America are invited to participate by dialing 1-201-389-0920. Participants should dial in at least 10 minutes prior to the start of the call. A live and archived webcast of the event will be available on the company's website at under the Investor Relations section. Reconciliation of U.S. GAAP to Non-GAAP Financial Measures In this press release, certain non-GAAP financial measures, including "non-GAAP net income," "Adjusted EBITDAS," and "free cash flow" are presented. From time-to-time, we consider and use these supplemental measures of operating performance in order to provide the reader with an improved understanding of underlying performance trends. We believe it is useful for us and the reader to review, as applicable, both (1) GAAP measures that include (i) interest expense, (ii) income tax expense, (iii) depreciation and amortization, (iv) stock-based compensation expense, (v) spin related stock-based compensation, (vi) an accrued legal settlement, (vii) a gain on sale of certain real estate, (viii) a gain on sale of intangible assets, (ix) Relocation expense, and (x) the tax effect of non-GAAP adjustments; and (2) the non-GAAP measures that exclude such information. We present these non-GAAP measures because we consider them an important supplemental measure of our performance. Our definition of these adjusted financial measures may differ from similarly named measures used by others. We believe these measures facilitate operating performance comparisons from period to period by eliminating potential differences caused by the existence and timing of certain expense items that would not otherwise be apparent on a GAAP basis. These non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for our GAAP measures. The principal limitations of these measures are that they do not reflect our actual expenses and may thus have the effect of inflating its financial measures on a GAAP basis. About Smith & Wesson Brands, Inc. Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson® and Gemtech® brands. The company also provides forging and machining services to third parties. For more information call (800) 331-0852 or visit Safe Harbor Statement Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements include, among others, that (i) with respect to the overall firearms market, we continue to see consumers generally being cautious due to macro-economic factors pressuring discretionary spending; (ii) overall conditions suggest headwinds will likely persist in the near term; (iii) we remain well positioned to succeed in this environment; and (iv) we currently expect demand for firearms in fiscal 2026 to be similar to what we saw in fiscal 2025, remaining subject to economic headwinds such as inflation and the impact of tariff-related cost increases. We caution that these statements are qualified by important risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, economic, social, political, legislative, and regulatory factors; the impact of tariffs; the potential for increased regulation of firearms and firearm-related products; actions of social activists that could have an adverse effect on our business; the impact of lawsuits; the demand for our products; the state of the U.S. economy in general and the firearm industry in particular; general economic conditions and consumer spending patterns; our competitive environment; the supply, availability and costs of raw materials and components; our anticipated growth and growth opportunities; our strategies; our ability to maintain and enhance brand recognition and reputation; our ability to effectively manage and execute the Relocation; our ability to introduce new products; the success of new products; the potential for cancellation of orders from our backlog; and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2025. Contact:investorrelations@ 747-3448 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(Unaudited) As of: April 30, 2025 April 30, 2024 (In thousands, except par value and share data) ASSETS Current assets: Cash and cash equivalents $ 25,231$ 60,839 Accounts receivable, net of allowances for credit losses of $5 on April 30, 2025 and $0 on April 30, 2024 55,868 59,071 Inventories189,840 160,500 Prepaid expenses and other current assets6,260 4,973 Income tax receivable66 1,948 Total current assets277,265 287,331 Property, plant, and equipment, net of accumulated depreciation and amortization of $368,811 on April 30, 2025 and $352,615 on April 30, 2024 242,648 252,633 Intangibles, net2,409 2,598 Goodwill19,024 19,024 Deferred income taxes10,260 7,228 Other assets8,006 8,614 Total assets $ 559,612$ 577,428 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 26,887$ 41,831 Accrued expenses and deferred revenue24,678 24,489 Accrued payroll and incentives9,060 17,147 Accrued profit sharing4,636 9,098 Accrued warranty1,379 1,813 Total current liabilities66,640 94,378 Notes and loans payable79,096 39,880 Finance lease payable, net of current portion33,703 35,404 Other non-current liabilities7,719 7,852 Total liabilities187,158 177,514 Commitments and contingencies Stockholders' equity: Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding — — Common stock, $0.001 par value, 100,000,000 shares authorized, 75,789,455 issued and 44,111,461 shares outstanding on April 30, 2025 and 75,395,490 shares issued and 45,561,569 shares outstanding on April 30, 2024 76 75 Additional paid-in capital298,075 289,994 Retained earnings532,615 542,414 Accumulated other comprehensive income— 73 Treasury stock, at cost (31,677,994 shares on April 30, 2025 and 29,833,921 shares on April 30, 2024) (458,312) (432,642) Total stockholders' equity372,454 399,914 Total liabilities and stockholders' equity $ 559,612$ 577,428 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(Unaudited) For the Three Months Ended April 30, For the Year Ended April 30, 2025 2024 2025 2024 (In thousands, except per share data) Net sales $ 140,762$ 159,148$ 474,661$ 535,833 Cost of sales 100,217 102,646 347,478 377,740 Gross profit 40,545 56,502 127,183 158,093 Operating expenses: Research and development 1,962 1,774 9,567 7,258 Selling, marketing, and distribution 11,473 9,473 41,314 40,611 General and administrative 13,974 18,258 54,933 63,134 Gain on sale/disposition of assets, net 6 (10) (2,515) (11) Total operating expenses 27,415 29,495 103,299 110,992 Operating income 13,130 27,007 23,884 47,101 Other (expense)/income, net: Other (expense)/income, net (6) 6,496 (17) 6,672 Interest expense, net (748) (607) (4,622) (2,055) Total other (expense)/income, net (754) 5,889 (4,639) 4,617 Income before income taxes 12,376 32,896 19,245 51,718 Income tax expense 3,742 5,561 5,820 10,356 Net income $ 8,634$ 27,335$ 13,425$ 41,362 Net income per share: Basic - net income $ 0.20$ 0.60$ 0.30$ 0.90 Diluted - net income $ 0.19$ 0.59$ 0.30$ 0.89 Weighted average number of common shares outstanding: Basic 44,040 45,544 44,484 45,813 Diluted 44,508 46,043 44,932 46,248 SMITH & WESSON BRANDS, INC AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) For the Year Ended April 30, 2025 2024 (In thousands) Cash flows from operating activities: Net income$ 13,425$ 41,362 Adjustments to reconcile net income to net cash (used in)/provided by operating activities: Depreciation and amortization 31,845 32,558 Gain on sale/disposition of assets (2,515) (5,595) Recoveries on notes and accounts receivable - (23) Deferred income taxes (3,032) 856 Stock-based compensation expense 7,609 5,683 Non-cash sublease income (1,724) — Other, net (73) — Changes in operating assets and liabilities: Accounts receivable 3,203 (3,896) Inventories (29,340) 16,618 Prepaid expenses and other current assets (1,287) (57) Income taxes 1,882 (2,601) Accounts payable (14,771) 18,341 Accrued payroll and incentives (8,087) (1,418) Accrued profit sharing (4,462) 895 Accrued expenses and deferred revenue (268) 3,996 Accrued warranty (434) 142 Other assets 938 (267) Other non-current liabilities (132) 145 Net cash (used in)/provided by operating activities (7,223) 106,739 Cash flows from investing activities: Payments to acquire patents and software (187) (186) Proceeds from sale of property and equipment 2,619 2,955 Proceeds from sale of intangible assets — 6,500 Payments to acquire property and equipment (21,605) (90,759) Net cash used in investing activities (19,173) (81,490) Cash flows from financing activities: Proceeds from loans and notes payable 75,000 50,000 Cash paid for debt issuance costs (941) — Payments on finance lease obligation (179) (1,378) Payments on notes and loans payable (35,000) (35,000) Payments to acquire treasury stock (25,468) (10,213) Dividend distribution (23,096) (22,020) Proceeds to acquire common stock from employee stock purchase plan 1,598 1,484 Payment of employee withholding tax related to restricted stock units (1,126) (839) Net cash (used in)/provided by financing activities (9,212) (17,966) Net (decrease)/increase in cash and cash equivalents (35,608) 7,283 Cash and cash equivalents, beginning of period 60,839 53,556 Cash and cash equivalents, end of period$ 25,231$ 60,839 Supplemental disclosure of cash flow information Cash paid for: Interest, net of amounts capitalized$ 5,193$ 4,745 Income taxes$ 7,288$ 12,662 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES (Dollars in thousands, except per share data)(Unaudited) For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024 $ % of Sales $ % of Sales $ % of Sales $ % of Sales GAAP net sales $ 140,762 $ 159,148 $ 474,661 $ 535,833 Relocation— — (4,340 ) — Non-GAAP net sales $ 140,762 $ 159,148 $ 470,321 $ 535,833 GAAP gross profit $ 40,545 28.8%$ 56,502 35.5%$ 127,183 26.8%$ 158,093 29.5% Relocation expenses516 162 3,346 2,115 Settlement— — 70 3,200 Non-GAAP gross profit $ 41,061 29.2%$ 56,664 35.6%$ 130,599 27.8%$ 163,408 30.5% GAAP operating expenses $ 27,415 19.5%$ 29,495 18.5%$ 103,299 21.8%$ 110,992 20.7% Gain on sale of asset— — 2,257 — Spin related stock-based compensation— (3 ) — (13 ) Relocation expenses(26 ) 155 (612 ) (4,938 ) Non-GAAP operating expenses $ 27,389 19.5%$ 29,647 18.6%$ 104,944 22.3%$ 106,041 19.8% GAAP operating income $ 13,130 9.3%$ 27,007 17.0%$ 23,884 5.0%$ 47,101 8.8% Gain on sale of asset— — (2,257 ) — Settlement— — 70 3,200 Spin related stock-based compensation— 3 — 13 Relocation expenses542 7 3,958 7,053 Non-GAAP operating income $ 13,672 9.7%$ 27,017 17.0%$ 25,655 5.5%$ 57,367 10.7% GAAP net income $ 8,634 6.1%$ 27,335 17.2%$ 13,425 2.8%$ 41,362 7.7% Gain on sale of asset— — (2,257 ) — Settlement— — 70 3,200 Sale of intangible assets— (6,500 ) — (6,500 ) Spin related stock-based compensation— 3 — 13 Relocation expenses542 7 3,958 7,053 Tax effect of non-GAAP adjustments(169 ) 1,285 (551 ) (746 ) Non-GAAP net income $ 9,007 6.4%$ 22,130 13.9%$ 14,645 3.1%$ 44,382 8.3% GAAP net income per share - diluted $ 0.19 $ 0.59 $ 0.30 $ 0.89 Gain on sale of asset— — (0.05 ) — Settlement— — — 0.07 Sale of intangible assets— (0.14 ) — (0.14 ) Spin related stock-based compensation— — — — Relocation expenses0.01 — 0.09 0.15 Tax effect of non-GAAP adjustments— 0.03 (0.01 ) (0.02 ) Non-GAAP net income per share - diluted $ 0.20 $ 0.48 $ 0.33 $ 0.96 (a) (a) Non-GAAP net income per share does not foot due to rounding. SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF GAAP NET INCOME TO NON-GAAP ADJUSTED EBITDAS (In thousands)(Unaudited)For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024 GAAP net income$ 8,634$ 27,335$ 13,425$ 41,362 Interest expense 1,408 1,434 7,289 4,838 Income tax expense 3,742 5,561 5,820 10,356 Depreciation and amortization 7,934 8,324 31,688 32,469 Stock-based compensation expense 1,885 1,419 7,609 5,683 Settlement — — 70 3,200 Gain on sale of asset — — (2,257) — Gain on sale of intangible assets — (6,500) — (6,500) Relocation expense 538 7 3,681 5,193 Non-GAAP Adjusted EBITDAS$ 24,141$ 37,580$ 67,325$ 96,601 Non-GAAP Adjusted EBITDAS Margin 17.2% 23.6% 14.3% 18.0% SMITH & WESSON BRANDS, INC. AND SUBSIDIARIESRECONCILIATION OF NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands)(Unaudited)For the Three Months Ended For the Twelve Months Ended April 30, 2025 April 30, 2024 April 30, 2025 April 30, 2024Net cash provided by/(used in) operating activities$ 40,828$ 43,616$ (7,223)$ 106,739Payments to acquire property and equipment (7,291) (5,571) (21,605) (90,759 ) Free cash flow$ 33,537$ 38,045$ (28,828)$ 15,980 Immaterial Correction of an Error During the fourth quarter of fiscal 2025, we identified an immaterial error related to our accrual for certain legal expenses, resulting in an overstatement of general and administrative expenses in 2024 and 2025. In accordance with Staff Accounting Bulletin ("SAB") No. 99, Materiality, and SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, we evaluated the errors and determined that the related impact was not material to results of operations, financial position, or cash flows for any historical annual or interim period. Prior year amounts have been adjusted to reflect the immaterial correction, which (i) overstated accrued expenses and deferred revenue and general and administrative expenses by $2.3 million and (ii) understated income tax expense and overstated income tax receivable each by $548,000, in each case as of April 30, 2024 and for the year then ended. To view the source version of this press release, please visit
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a day ago
- Business
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Earnings To Watch: Smith & Wesson (SWBI) Reports Q1 Results Tomorrow
American firearms manufacturer Smith & Wesson (NASDAQ:SWBI) will be reporting earnings this Thursday afternoon. Here's what to expect. Smith & Wesson missed analysts' revenue expectations by 3% last quarter, reporting revenues of $115.9 million, down 15.7% year on year. It was a slower quarter for the company, with EPS in line with analysts' estimates. Is Smith & Wesson a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Smith & Wesson's revenue to decline 4.2% year on year to $152.4 million, a reversal from the 9.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Smith & Wesson has missed Wall Street's revenue estimates three times over the last two years. Looking at Smith & Wesson's peers in the leisure products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Latham posted flat year-on-year revenue, meeting analysts' expectations, and Malibu Boats reported revenues up 12.4%, topping estimates by 2.4%. Latham's stock price was unchanged after the resultswhile Malibu Boats was down 1%. Read our full analysis of Latham's results here and Malibu Boats's results here. The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the leisure products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Smith & Wesson is up 9.2% during the same time and is heading into earnings with an average analyst price target of $13.83 (compared to the current share price of $10.65). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
06-03-2025
- Business
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Estimating The Intrinsic Value Of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)
Using the Dividend Discount Model, Smith & Wesson Brands fair value estimate is US$10.39 Smith & Wesson Brands' US$10.80 share price indicates it is trading at similar levels as its fair value estimate Analyst price target for SWBI is US$15.33, which is 48% above our fair value estimate How far off is Smith & Wesson Brands, Inc. (NASDAQ:SWBI) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. View our latest analysis for Smith & Wesson Brands We have to calculate the value of Smith & Wesson Brands slightly differently to other stocks because it is a leisure company. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. This often underestimates the value of a stock, but it can still be good as a comparison to competitors. The 'Gordon Growth Model' is used, which simply assumes that dividend payments will continue to increase at a sustainable growth rate forever. The dividend is expected to grow at an annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.8%. We then discount this figure to today's value at a cost of equity of 7.8%. Relative to the current share price of US$10.8, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = US$0.5 / (7.8% – 2.8%) = US$10.4 Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Smith & Wesson Brands as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.8%, which is based on a levered beta of 1.156. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Strength Earnings growth over the past year exceeded the industry. Debt is not viewed as a risk. Dividend is in the top 25% of dividend payers in the market. Weakness Expensive based on P/E ratio and estimated fair value. Opportunity Annual earnings are forecast to grow for the next 2 years. Threat Dividends are not covered by cash flow. Annual earnings are forecast to grow slower than the American market. Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Smith & Wesson Brands, we've put together three fundamental aspects you should further examine: Risks: We feel that you should assess the 1 warning sign for Smith & Wesson Brands we've flagged before making an investment in the company. Future Earnings: How does SWBI's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NASDAQGS every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
