Published on 1 May 2024 on Simply Wall St. via Yahoo Finance

Need To Know: This Analyst Just Made A Substantial Cut To Their Johnson Outdoors Inc. (NASDAQ:JOUT)...

One thing we could say about the covering analyst on Johnson Outdoors Inc. (NASDAQ:JOUT) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Both revenue and earnings per share (EPS) estimates were cut sharply as the analyst factored in the latest outlook for the business, concluding that they were too optimistic previously.

After the downgrade, the consensus from Johnson Outdoors' single analyst is for revenues of US$607m in 2024, which would reflect a small 2.8% decline in sales compared to the last year of performance. Statutory earnings per share are forecast to be US$1.72, approximately in line with the last 12 months. Prior to this update, the analyst had been forecasting revenues of US$674m and earnings per share (EPS) of US$2.67 in 2024. Indeed, we can see that the analyst is a lot more bearish about Johnson Outdoors' prospects, administering a measurable cut to revenue estimates and slashing their EPS estimates to boot.