In the latest trading session, Smith & Wesson (SWBI) closed at $23.44, marking a +0.47% move from the previous day. This move outpaced the S&P 500's daily loss of 0.47%.Prior to today's trading, shares of the firearm maker had lost 23.28% over the past month. This has lagged the Consumer Discretionary sector's loss of 4.3% and the S&P 500's gain of 3.38% in that time.SWBI will be looking to display strength as it nears its next earnings release. In that report, analysts expect SWBI to post earnings of $1.26 per share. This would mark year-over-year growth of 29.9%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $296.2 million, up 6.56% from the year-ago period.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.It is also important to note the recent changes to analyst estimates for SWBI. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.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.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SWBI is holding a Zacks Rank of #1 (Strong Buy) right now.Investors should also note SWBI's current valuation metrics, including its Forward P/E ratio of 5.31. Its industry sports an average Forward P/E of 13.19, so we one might conclude that SWBI is trading at a discount comparatively.The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% 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.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. +1,500% Growth: One of 2021’s Most Exciting Investment Opportunities In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second. Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.Click here to download this report FREE >>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.