Here's What to Expect From Johnson Outdoors' (JOUT) Q4 Earnings
Johnson Outdoors Inc. JOUT is scheduled to report fourth-quarter fiscal 2023 results on Dec 8, before market open.
In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 19% and increased 4.3% year over year. Net sales surpassed the consensus mark by 1.4% but declined 8% year over year.
The Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share remained stable at a loss of 32 cents in the past seven days. The estimated figure indicates a plunge of 133.7% from the year-ago quarter’s reported value.
Johnson Outdoors Inc. Price and EPS Surprise
Johnson Outdoors Inc. price-eps-surprise | Johnson Outdoors Inc. Quote
The consensus mark for net sales is pegged at $121.1 million, suggesting a 38.3% fall from the year-ago reported figure.
Key Factors to Note
Johnson Outdoors’ fiscal fourth-quarter net sales are expected to have declined year over year due to the post-pandemic slowdown and elevated retail inventories impacting its Camping and Watercraft Recreation business. The impact of current macroeconomic conditions, decline in consumer spending and demand trends, is another concern.
The emphasis on new product innovation are likely to have partially offset the adverse effects of these headwinds.
The company's bottom line is likely to have been affected by deferred compensation expenses related to marketing plan assets to market. Elevated warranty expenses and advertising and promotion costs are a concern as well.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Johnson Outdoors this time. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as elaborated below.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: JOUT carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.
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SeaWorld Entertainment, Inc. SEAS reported mixed third-quarter 2023 results, with earnings meeting the Zacks Consensus Estimate and revenues topping the same. The metrics declined on a year-over-year basis.
The company’s results were impacted by adverse weather impacts during its peak operating season across most of its markets, reflecting lower guest attendance. The company intends to focus on its strategic growth initiatives related to hotels, international expansion and digital activities, accompanied by increasing its in-park product offerings and cost management plans. These initiatives are likely to have boosted revenues and profitability in the upcoming period.
Choice Hotels International, Inc. CHH delivered mixed third-quarter 2023 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Also, the top and the bottom line increased on a year-over-year basis.
The upside can be attributed to the company’s top-tier business delivery engine, synergies through the successful integration of Radisson Americas and organic growth of its brand portfolio, focused on hotels that generate higher royalties per unit. It aims to stay focused on its robust organic earnings growth strategy and pursues inorganic growth to boost long-term shareholders’ value.
Wynn Resorts, Limited WYNN reported impressive third-quarter 2023 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Also, the top and the bottom line rose year over year.
The company’s results reflect solid performance growth in its Macau and North American properties. The consistent growth trend in mass gaming, luxury retail and hotel businesses in Macau portrayed exceptional post-Covid recovery during the quarter. It is also optimistic about its new opening in the UAE, Wynn Al Marjan Island, which is currently under construction.
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