Q: Hello, what is your opinion on JWEL after the latest Q, especially with their forecast for 2024 and 2025? Is it a buy? I write this before 9:30 THU and I suspect the stock will go down. Thanks.
5i Research Answer:
EPS of 67c missed estimates of 75c. Sales of $220M missed estimates by 3%. EBITDA of $50.6M missed by 6%. The stock has taken a 16% hit. Profit rose 6.9%. We have already seen two broker downgrades in target prices. Revenue rose 14%. 2024 guidance was largely in-line with prior estimates. The stock is cheap, but investors will see the miss as problematic, and momentum has clearly turned negative here.