For its second fiscal quarter (ending March 31), Johnson Outdoors Inc (NASDAQ: JOUT) has reported a -86% decline in E.P.S. from $1.46 a year ago to $0.21 in the current quarter. This performance was $-1.16 short of the consensus estimate of $1.37. E.P.S. were $0.48 for the latest four quarters through March 31 versus $4.38 for the same period a year ago — a decline of -89%.
Recent Price Action
On 5/3/24, Johnson Outdoors Inc (NASDAQ: JOUT) stock suffered a major decline of -11.2%, closing at $37.83. Moreover, exceptionally high trading volume at 327% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -10.0% during the last week.
Current PriceTarget Research Rating
JOUT is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Johnson Outdoors has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Johnson Outdoors has a slightly positive Appreciation Score of 60 but a very low Power Rating of 2, producing the Lowest Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and highly negative price change we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
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