Johnson Outdoors Inc (NASDAQ: JOUT) has reported earnings for its third fiscal quarter (ending June 30) of $0.16 versus $1.45 for the same period a year ago — a decline of -89%. This result fell short of the consensus estimate of $0.22 by $-0.06. E.P.S. were $-0.81 for the latest four quarters through June 30 versus $4.44 for the same period a year ago — a decline of -118%.
Recent Price Action
On 8/5/24, Johnson Outdoors Inc (NASDAQ: JOUT) stock suffered a major decline of -10.9%, closing at $36.13. NORMAL trading volume accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -13.6% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Johnson Outdoors has a neutral Appreciation Score of 53 but a very low Power Rating of 0, triggering the Negative 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 D. We would continue to view the shares with caution pending completion of this review in the next several days.
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