Acushnet Holdings Corp expected to post earnings of $1.24 a share - Earnings Preview

Acushnet Holdings

03/05/2024 15:16

* Acushnet Holdings Corp  GOLF.N   GOLF.K  is expected
to show a
rise in quarterly revenue when it reports  results on May 7 for
the period ending March 31 2024
    * The Fairhaven Massachusetts-based  company is expected to
report
a 0.4% increase in revenue to $689.057 million from $686.29
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Acushnet Holdings Corp
is for
earnings of $1.24 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Acushnet
Holdings
Corp is $74.00​, above​ its last closing price of $61.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.36       -0.37      -0.41     Missed  -12.1
 Sep. 30 2023  0.55        0.55       0.85      Beat    55.6
 Jun. 30 2023  0.92        0.92       1.09      Beat    18.2​
 Mar. 31 2023  1.10        1.09       1.36      Beat    24.3
 ​​Dec.        -0.05       -0.04      0.00      Beat    100
 31 2022                                                
 Jan. 1 0001   0.59        0.58       0.72      Beat    23.2​
 Jun. 30 2022  0.75        0.75       0.91      Beat    20.7
 Jan. 1 0001   0.82        0.80       1.10      Beat    37.7
 This summary was machine generated May 3 at 14:16 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)