Brunswick Corp reports results for the quarter ended in January 1 - Earnings Summary

Brunswick

24/10/2024 17:21

* Brunswick Corp  BC.N  reported quarterly adjusted earnings
of
$1.17​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of
$2.42.  The mean expectation of seventeen analysts for the
quarter was for earnings of $1.20 per share. Wall Street
expected results to range from $1.14  to $1.47 per share.
    * Revenue fell 20.1% to $1.27 billion from a year ago;
analysts
expected $1.29 billion. 
    * Brunswick Corp's reported EPS for the quarter was 67
cents​.
    * The company reported quarterly net income of $44.6
million.
    * Brunswick Corp shares had fallen by 8.1% this quarter and
lost 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 35%
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 11 "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
90.00 
This summary was machine generated from LSEG data October 24 at
04:21 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
 Sep. 30 2024      1.20           1.17           Missed
 Jun. 30 2024      1.90           1.80           Missed
 Mar. 31 2024      1.35           1.35           Met
 Dec. 31 2023      1.65           1.45           Missed