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

Brunswick

25/04/2024 14:32

* Brunswick Corp  BC.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 $2.57. 
The mean expectation of fifteen analysts for the quarter was
for earnings of $1.35 per share. Wall Street expected results to
range from $1.32  to $1.41 per share.
    * Revenue fell 21.7% to $1.37 billion from a year ago;
analysts
expected $1.36 billion. 
    * Brunswick Corp's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $68 million.
    * Brunswick Corp shares had fallen by 10.8% this quarter and
lost 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39.1%
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
$97.00 
This summary was machine generated from LSEG data April 25 at
01:31 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      1.35           1.35           Met
 Dec. 31 2023      1.65           1.45           Missed
 Sep. 30 2023      2.36           2.42           Beat
 Jun. 30 2023      2.48           2.35           Missed