Notable Earnings: Performance Sports Group Ltd. (NYSE:PSG)

Performance Sports Group Ltd. (NYSE:PSG) reported earnings for the three months ended Feb2016 on April 14, 2016. The company earned $-0.32 per share on revenue of $126.08M. Analysts had been modeling earning per share of $-0.29 with $130.52M in revenue.

Performance Sports Group Ltd., together with its subsidiaries, designs, manufactures, and distributes performance sports equipment, related apparel, and accessories for ice hockey, roller hockey, lacrosse, baseball, and softball primarily in the United States, Canada, and Europe. It operates through two segments, Hockey and Baseball/Softball. The company offers ice hockey products, such as skates, helmets, protective gear, sticks, team apparel, and accessories; baseball and softball products, including bats, gloves, protective gear, apparel, and accessories; roller hockey products comprising skates, protective gear, and accessories; and lacrosse products, which include shafts, heads, gloves, helmets, and protective gear. It also provides uniforms for ice hockey, roller hockey, lacrosse, and other team sports. The company offers its products under the brand names of BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT, and EASTON. Performance Sports Group Ltd. distributes its products through sales representatives and independent distributors to specialty retail stores, sporting goods, and national retail chains, as well as directly to sports teams. The company was formerly known as Bauer Performance Sports Ltd. and changed its name to Performance Sports Group Ltd. in June 2014. Performance Sports Group Ltd. was founded in 1927 and is headquartered in Exeter, New Hampshire.

Performance Sports Group Ltd. earnings per share showed a decreasing trend of -88.2% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 31%.Analysts project EPS growth over the next 5 years at 0.4%. It has EPS annual decline over the past 5 fiscal years of 0% when sales declined 0. It reported -8.5% sales drop, and 0% EPS decline in the last quarter.

The stock is trading at $3.25, up 16.07% from 52-week low of $2.8. The stock trades down -83.88% from its peak of $20.16 and 186.77% above the consensus price target of $9.32. Its volume clocked up at 0.6 million shares which is lower than the average volume of 1.5 million shares. Its market capitalization currently stands at $148.55M.