Johnson Outdoors Q2 EPS $0.21 Misses $0.50 Estimate, Sales $175.86M Beat $158.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Johnson Outdoors reported Q2 earnings of $0.21 per share, missing the $0.50 estimate, and sales of $175.86M, beating the $158.76M estimate. Earnings decreased by 85.52% and sales by 12.99% from last year.
May 03, 2024 | 10:04 am
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Johnson Outdoors reported lower than expected Q2 earnings at $0.21 per share against estimates of $0.50, but surpassed sales estimates with $175.86M against $158.76M.
The significant miss in earnings per share (EPS) compared to estimates, coupled with a substantial year-over-year decrease in earnings, is likely to negatively impact investor sentiment and the stock price in the short term. However, the beat on sales estimates might provide some offsetting positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100