For its fourth fiscal quarter (ending September 30), Johnson Outdoors Inc (NASDAQ: JOUT) has reported a -264% decline in E.P.S. from $0.95 a year ago to $-1.56 in the current quarter. This result fell short of the consensus estimate of $-0.32 by $-1.24. E.P.S. were $1.92 for the latest four quarters through September 30 versus $4.40 for the same period a year ago — a decline of -56%.
Recent Price Action
On 12/8/23, Johnson Outdoors Inc (NASDAQ: JOUT) stock suffered a large decline of -9.9%, closing at $49.10. Moreover, exceptionally high trading volume at 514% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -6.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, JOUT is expected to be Value Creation neutral.
Johnson Outdoors has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Johnson Outdoors has a neutral Appreciation Score of 59 but a poor Power Rating of 19, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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