Wall Street Can't Decide if Smith & Wesson Brands Will Double or Go Nowhere

After Smith & Wesson Brands' (NASDAQ: SWBI) blowout earnings report last week where it said sales doubled for the third consecutive quarter, Wall Street can't decide what comes next. Carried along by the greatest gun sales boom in history, Smith & Wesson is reporting record results. The FBI's National Instant Criminal Background Check System conducted 39.7 million background checks of potential gun buyers last year, some 40% more than in 2019, and it's running 41% above that rate in the first two months of this year.