Recreational products manufacturer American Outdoor Brands (NASDAQ: AOUT) will be reporting earnings this Thursday afternoon. Here’s what to expect.

American Outdoor Brands beat analysts’ revenue expectations last quarter, reporting revenues of $57.2 million, down 5% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is American Outdoor Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting American Outdoor Brands’s revenue to decline 8% year on year, a reversal from the 9.5% increase it recorded in the same quarter last year.

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. American Outdoor Brands rarely misses Wall Street’s revenue estimates.

Looking at American Outdoor Brands’s peers in the consumer discretionary - leisure products segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Smith & Wesson delivered year-on-year revenue growth of 17.1%, beating analysts’ expectations by 8.1%, and MasterCraft reported revenues up 13.2%, topping estimates by 4.1%. Smith & Wesson traded up 18.7% following the results while MasterCraft was also up 8.9%.

Read our full analysis of Smith & Wesson’s results here and MasterCraft’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the consumer discretionary - leisure products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.6% on average over the last month. American Outdoor Brands is down 5.5% during the same time and is heading into earnings with an average analyst price target of $12.50 (compared to the current share price of $8.77).

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