Smith & Wesson (SWBI) closed at $25.69 in the latest trading session, marking a -1.98% move from the prior day. This change lagged the S&P 500's daily loss of 0.33%.Prior to today's trading, shares of the firearm maker had gained 27.54% over the past month. This has outpaced the Consumer Discretionary sector's loss of 2.09% and the S&P 500's gain of 2.89% in that time.Wall Street will be looking for positivity from SWBI as it approaches its next earnings report date. The company is expected to report EPS of $1.26, up 29.9% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $296.2 million, up 6.56% from the prior-year quarter.SWBI's full-year Zacks Consensus Estimates are calling for earnings of $4.40 per share and revenue of $903.4 million. These results would represent year-over-year changes of -3.08% and -18.41%, respectively.Any recent changes to analyst estimates for SWBI should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 99.55% higher. SWBI is currently a Zacks Rank #1 (Strong Buy).Investors should also note SWBI's current valuation metrics, including its Forward P/E ratio of 5.96. This valuation marks a discount compared to its industry's average Forward P/E of 14.36.The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 20, putting it in the top 8% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow SWBI in the coming trading sessions, be sure to utilize Zacks.com. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Smith & Wesson Brands, Inc. (SWBI): Free Stock Analysis Report To read this article on Zacks.com click here.