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

Acushnet Holdings

07/05/2024 14:30

* Acushnet Holdings Corp  GOLF.N  reported quarterly
adjusted
earnings of $1.35​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.36.  The mean expectation of eight analysts for the
quarter was for earnings of $1.24 per share. Wall Street
expected results to range from $1.16  to $1.36 per share.
    * Revenue rose 3.1% to $707.55 million from a year ago;
analysts
expected $689.06 million. 
    * Acushnet Holdings Corp's reported EPS for the quarter was
$1.35​.
    * The company reported quarterly net income of $87.76
million.
    * Acushnet Holdings Corp shares had fallen by 4.2% this
quarter and held steady so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 May 7 at 01:30
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
 Mar. 31 2024      1.24           1.35           Beat
 Dec. 31 2023      -0.37          -0.41          Missed
 Sep. 30 2023      0.55           0.85           Beat
 Jun. 30 2023      0.92           1.09           Beat