Back to top

Bear of the Day: Johnson Outdoors (JOUT)

Read MoreHide Full Article

Johnson Outdoors (JOUT - Free Report) has slipped to a Zacks Rank #5 (Strong Sell) and it is the Bear of the Day today.  Lets take a look at how the stock fell to the lowest Zacks Rank and if the outlook might be improving anytime soon.


Johnson Outdoors Inc. is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The Company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment.

Recent Earnings

The most recent earnings report was a bad one.  The company missed the Zack Consensus Estimate by 44 cents in reporting a loss of 49 cents. That translates to a negative earnings surprise of -880%. 

Estimate Revisions

Following the big miss, estimates have dropped.  The Zacks Consensus Estimate for 2018 slipped to $4.34 from $ 4.70.

The Zacks Consensus Estimate for 2019 also fell, dropping from $5.14 all the way down to $4.45.

Those negative revisions in earnings estimates are the reason for the lower Zacks Rank.


Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Johnson Outdoors Inc. (JOUT) - free report >>

More from Zacks Bear of the Day

You May Like