Brunswick Corp BC.N reported quarterly adjusted earnings of $1.16 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.80. The mean expectation of sixteen analysts for the quarter was for earnings of 95 cents per share. Wall Street expected results to range from 79 cents to $1.20 per share.
Revenue rose 0.2% to $1.45 billion from a year ago; analysts expected $1.25 billion.
Brunswick Corp's reported EPS for the quarter was 89 cents.
The company reported quarterly net income of $59.3 million.
Brunswick Corp shares had risen by 17.1% this quarter and held steady so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 17.5% 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 6 "strong buy" or "buy," 12 "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 $57.00, about 13.5% below its last closing price of $64.69
This summary was machine generated from LSEG data July 24 at 01:33 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)