How did JOUT's Q2 2024 earnings surprise analysts?

Johnson Outdoors Inc. (JOUT) experienced a notable decline in its Q2 2024 earnings, missing analysts' expectations in terms of EPS while slightly exceeding revenue projections.

1. **Earnings Per Share (EPS) Surprise**:
- Johnson Outdoors reported an EPS of $0.21 for Q2 2024.
- Analysts had estimated an EPS of $1.12 for the quarter.
- This resulted in an EPS surprise of -$0.91, indicating a significant miss on the earnings front.
2. **Revenue Surprise**:
- The company reported a total revenue of $175.86 million for the quarter.
- Analysts had estimated revenue of $158.76 million.
- This represents a revenue surprise of +22.96 million, indicating that the company performed slightly better than expected in terms of revenue.

|code|Ticker|Name|Date|Revenue Surprise|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|JOUT|JOUT.O|Johnson Outdoors|2024 Q3|-1.711E7|-0.41|185|

3. **Overall Performance Analysis**:
- Despite the EPS miss, the company's revenue exceeded expectations, which could be attributed to specific business segments performing well or cost management initiatives.
- The company's net income was significantly lower than the previous year, totaling $2.2 million compared to $14.9 million in the same quarter of the previous year.
- The earnings per share achieved was $0.21, which is a substantial decrease from the expected $1.12.

In conclusion, Johnson Outdoors' Q2 2024 earnings report reflects a challenging period for the company, with a significant EPS miss and a notable decline in net income year-over-year. However, the revenue performance, albeit slightly better than expected, does not fully offset the negative impact of the earnings shortfall.