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Compared to Estimates, Acushnet (GOLF) Q2 Earnings: A Look at Key Metrics
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Acushnet (GOLF - Free Report) reported $683.87 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.8%. EPS of $1.11 for the same period compares to $1.09 a year ago.
The reported revenue represents a surprise of -3.66% over the Zacks Consensus Estimate of $709.88 million. With the consensus EPS estimate being $1.18, the EPS surprise was -5.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Acushnet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Titleist golf balls
: $247.50 million versus $244.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.2% change.
Net Sales- FootJoy golf wear
: $157.20 million compared to the $161.92 million average estimate based on three analysts. The reported number represents a change of -0.6% year over year.
Net Sales- Titleist golf gear
: $68.90 million compared to the $73.27 million average estimate based on three analysts. The reported number represents a change of -1.4% year over year.
Net Sales- Titleist golf clubs
: $177.50 million versus the three-analyst average estimate of $190.39 million. The reported number represents a year-over-year change of -5.6%.
Shares of Acushnet have returned +8.8% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Acushnet (GOLF) Q2 Earnings: A Look at Key Metrics
Acushnet (GOLF - Free Report) reported $683.87 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 0.8%. EPS of $1.11 for the same period compares to $1.09 a year ago.
The reported revenue represents a surprise of -3.66% over the Zacks Consensus Estimate of $709.88 million. With the consensus EPS estimate being $1.18, the EPS surprise was -5.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Acushnet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Acushnet here>>>Net Sales- Titleist golf balls
: $247.50 million versus $244.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.2% change.Net Sales- FootJoy golf wear
: $157.20 million compared to the $161.92 million average estimate based on three analysts. The reported number represents a change of -0.6% year over year.Net Sales- Titleist golf gear
: $68.90 million compared to the $73.27 million average estimate based on three analysts. The reported number represents a change of -1.4% year over year.Net Sales- Titleist golf clubs
: $177.50 million versus the three-analyst average estimate of $190.39 million. The reported number represents a year-over-year change of -5.6%.Shares of Acushnet have returned +8.8% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.