Outdoor recreational products company Johnson Outdoors (NASDAQ:JOUT) will be reporting earnings tomorrow before the bell. Here’s what to expect.
Johnson Outdoors missed analysts’ revenue expectations by 7.9% last quarter, reporting revenues of $105.9 million, up 9.9% 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 decline 24.5% year on year to $104.7 million, a further deceleration from the 22.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.30 per share.
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 four times over the last two years.
Looking at Johnson Outdoors’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Malibu Boats’s revenues decreased 5.1% year on year, beating analysts’ expectations by 4.8%, and Brunswick reported a revenue decline of 15.2%, topping estimates by 11.3%. Malibu Boats’s stock price was unchanged after the results, while Brunswick was down 1.1%.
Read our full analysis of Malibu Boats’s results here and Brunswick’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. Johnson Outdoors is down 6.3% during the same time and is heading into earnings with an average analyst price target of $50 (compared to the current share price of $33.36).
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