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

Acushnet Holdings

02/11/2023 13:31

* Acushnet Holdings Corp  GOLF.N  reported quarterly
adjusted
earnings of 85 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 72 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 45 cents to 64
cents per share.
    * Revenue rose 6.3% to $593.38 million from a year ago;
analysts
expected $568.40 million. 
    * Acushnet Holdings Corp's reported EPS for the quarter was
85
cents​.
    * The company reported quarterly net income of $57.05
million.
    * Acushnet Holdings Corp shares had fallen by 5.4% this
quarter and gained 18.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"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 $60.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.04          0.00           Beat