Acushnet Holdings Corp reports results for the quarter ended in December - Earnings Summary

Acushnet Holdings

29/02/2024 14:32

* Acushnet Holdings Corp  GOLF.N  reported a quarterly
adjusted
loss of 41 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
eight analysts for the quarter was for a loss of 37 cents per
share. Wall Street expected results to range from -48 cents
to -30 cents per share.
    * Revenue fell 7.7% to $412.96 million from a year ago;
analysts
expected $429.16 million. 
    * Acushnet Holdings Corp's reported EPS for the quarter was
a loss
of 41 cents​.
    * The company reported a quarterly loss of $26.81 million.
    * Acushnet Holdings Corp shares had risen by 9.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Acushnet
Holdings
Corp is $65.00 

This summary was machine generated from LSEG data February 29 at
02:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.37          -0.41          Missed
 Sep. 30 2023      0.55           0.85           Beat
 Jun. 30 2023      0.92           1.09           Beat
 Mar. 31 2023      1.09           1.36           Beat