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

Brunswick

01/02/2024 14:33

* Brunswick Corp  BC.N  reported quarterly adjusted earnings
of
$1.45​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.99.  The mean expectation of sixteen analysts for the quarter
was for earnings of $1.65 per share. Wall Street expected
results to range from $1.54  to $1.70 per share.
    * Revenue fell 14% to $1.36 billion from a year ago;
analysts
expected $1.44 billion. 
    * Brunswick Corp's reported EPS for the quarter was 88
cents​.
    * The company reported quarterly net income of $60.9
million.
    * Brunswick Corp shares had fallen by 16.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 8
"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 Brunswick Corp is
$95.00 
This summary was machine generated from LSEG data February 1 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      1.65           1.45           Missed
 Sep. 30 2023      2.36           2.42           Beat
 Jun. 30 2023      2.48           2.35           Missed
 Mar. 31 2023      2.38           2.57           Beat