Johnson Outdoors Q3 EPS $1.44 Beats $1.21 Estimate, Sales $187.05M Beat $184.49M Estimate
Portfolio Pulse from sunil@benzinga.com
Johnson Outdoors (NASDAQ:JOUT) reported Q3 earnings of $1.44 per share, beating the analyst consensus estimate of $1.21 by 19.01%. This is a 4.35% increase from the same period last year. The company also reported quarterly sales of $187.05 million, beating the analyst consensus estimate of $184.49 million by 1.39%. However, this is an 8.23% decrease from the same period last year.
August 04, 2023 | 12:49 pm
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POSITIVE IMPACT
Johnson Outdoors reported better than expected Q3 earnings and sales, but experienced a YoY decrease in sales.
Johnson Outdoors reported a YoY increase in earnings and beat analyst estimates, which is positive for the stock. However, the YoY decrease in sales could be a concern for investors, potentially limiting the positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100