Trading around SWBI's upcoming earnings report? A closer look at the stock:

Smith & Wesson Brands Inc (SWBI) is going to report earnings on September 08. Here's a few things you should know about before the report drops.

A consensus of analyst reports suggests Smith & Wesson Brands Inc will report an EPS (earnings per share) of $0.21, GAAP of $0.34, on revenue of $129.78M. Over the last 90 days, analysts have lowered estimates twice. 

If you're a SWBI bull you'll want to hear that the company beat the analysts' estimates and is set to grow in coming quarters. Just as important as the earnings report, is the company's future.

Meanwhile, out of a dark cave, SWBI bears will lumber into the light. They'll want to hear that the company underperformed the analysts' estimates and is set to decline in coming quarters. The less rosy the report, the happier bears will be.

If you haven't traded too many earnings reports, it's important to be aware that sometimes the majority of a stock's price movement can be caused by the analysts' estimates, rather than from the earnings report itself. As you see more of these, your ability to recognize one or the other will improve.

As of August 31 shares of SWBI are trading at $13.56. Over the last 52-week period, the price is down -45.69%. A larger move here can mean investors will have a stronger bullish or bearish outlook on the stock.