Wall Street Can't Keep Up With Ammo's Breakneck Growth
Analysts were already forecasting upside of nearly 60% for Ammo (NASDAQ: POWW) stock over the next year. But after the small ammunition company blew away estimates for its fiscal 2022 second quarter with sales that surged more than 400% year over year -- and raised its full-year guidance again -- Wall Street is going to need to update its outlook.
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Although the headline numbers across the firearms industry indicate a slowdown in gun sales, that's all relative. Sales may be lower now than they were last year, but 2020 was an unprecedented, record-breaking year for the industry, and 2021 is on track to be the second-highest sales year ever. In short, people are still buying firearms at a frenzied pace.
Source Fool.com
