Financial News

Johnson Outdoors (JOUT) To Report Earnings Tomorrow: Here Is What To Expect

JOUT Cover Image

Outdoor recreational products company Johnson Outdoors (NASDAQ:JOUT) will be reporting earnings tomorrow before market open. Here’s what you need to know.

Johnson Outdoors missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $172.5 million, down 7.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Johnson Outdoors a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Johnson Outdoors’s revenue to grow 19.3% year on year to $115 million, a reversal from the 50.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.98 per share.

Johnson Outdoors Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Johnson Outdoors has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Johnson Outdoors’s peers in the leisure products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. American Outdoor Brands delivered year-on-year revenue growth of 4%, beating analysts’ expectations by 13.1%, and Malibu Boats reported a revenue decline of 32.9%, topping estimates by 2.6%. American Outdoor Brands traded up 19.6% following the results while Malibu Boats was also up 4.3%.

Read our full analysis of American Outdoor Brands’s results here and Malibu Boats’s results here.

There has been positive sentiment among investors in the leisure products segment, with share prices up 3.2% on average over the last month. Johnson Outdoors’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $52 (compared to the current share price of $35).

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