Johnson Outdoors Earnings: What To Look For From JOUT

Outdoor recreational products company Johnson Outdoors (NASDAQ:JOUT) will be reporting earnings tomorrow before market hours. Here's what to expect.

Johnson Outdoors beat analysts' revenue expectations by 10.8% last quarter, reporting revenues of $175.9 million, down 13% year on year. It was a mixed quarter for the company, with a miss of analysts' earnings estimates.

Is Johnson Outdoors a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Johnson Outdoors's revenue to decline 5.8% year on year to $176.1 million, improving from the 8.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share. Johnson Outdoors Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 1 downward revision over the last 30 days. Johnson Outdoors has missed Wall Street's revenue estimates twice over the last two years.

Looking at Johnson Outdoors's peers in the leisure products segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Harley-Davidson delivered year-on-year revenue growth of 12%, beating analysts' expectations by 27.2%, and Clarus reported a revenue decline of 2.5%, falling short of estimates by 4.8%. Harley-Davidson traded up 8.7% following the results while Clarus was down 13.9%.

Read our full analysis of Harley-Davidson's results here and Clarus's results here.

There has been positive sentiment among investors in the leisure products segment, with share prices up 3.3% on average over the last month. Johnson Outdoors is up 19.4% during the same time and is heading into earnings with an average analyst price target of $52 (compared to the current share price of $40.54).

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