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Smith & Wesson (SWHC) Stock Drops Ahead of Tomorrow's Q1 Earnings

NEW YORK (TheStreet) -- Shares of Smith & Wesson (SWHC) were slumping 5.58% to $27.92 in mid-afternoon trading on Wednesday as the company is slated to report fiscal 2017 first-quarter results after Thursday's market close.

Analysts are looking for the Springfield, MA-based firearms manufacturer to post adjusted earnings of 53 cents per share on revenues of $198.16 million.

For the 2016 first quarter, Smith & Wesson earned 32 cents per share and $147.76 million in revenue.

Several new products were introduced throughout the year, and the company has experienced strong consumer demand as a result, Smith & Wesson noted in its fiscal 2016 fourth quarter results.

Additionally, the company announced on Monday that its...