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

Acushnet Holdings

06/08/2024 14:32

* Acushnet Holdings Corp  GOLF.N  reported quarterly
adjusted
earnings of $1.11​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $1.09.  The mean expectation of eight analysts
for the quarter was for earnings of $1.20 per share. Wall Street
expected results to range from $1.10  to $1.32 per share.
    * Revenue fell 0.8% to $683.87 million from a year ago;
analysts
expected $709.83 million. 
    * Acushnet Holdings Corp's reported EPS for the quarter was
$1.11​.
    * The company reported quarterly net income of $71.43
million.
    * Acushnet Holdings Corp shares had risen by 5.8% this
quarter and
gained 6.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
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." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for Acushnet Holdings
Corp is $74.00 
This summary was machine generated from LSEG data August 6 at
01:32 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
 Jun. 30 2024      1.20           1.11           Missed
 Mar. 31 2024      1.24           1.35           Beat
 Dec. 31 2023      -0.37          -0.41          Missed
 Sep. 30 2023      0.55           0.85           Beat