We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Exploring Analyst Estimates for Acushnet (GOLF) Q2 Earnings, Beyond Revenue and EPS
Read MoreHide Full Article
Wall Street analysts expect Acushnet (GOLF - Free Report) to post quarterly earnings of $1.33 per share in its upcoming report, which indicates a year-over-year increase of 19.8%. Revenues are expected to be $713.47 million, up 4.3% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Acushnet metrics that are commonly monitored and projected by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Titleist golf balls' at $267.94 million. The estimate indicates a change of +8.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales- Titleist golf clubs' should arrive at $195.72 million. The estimate indicates a change of +10.3% from the prior-year quarter.
Analysts forecast 'Net Sales- FootJoy golf wear' to reach $154.05 million. The estimate suggests a change of -2% year over year.
The consensus among analysts is that 'Net Sales- Titleist golf gear' will reach $72.00 million. The estimate indicates a change of +4.5% from the prior-year quarter.
Over the past month, shares of Acushnet have returned +6.1% versus the Zacks S&P 500 composite's +0.5% change. Currently, GOLF carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Exploring Analyst Estimates for Acushnet (GOLF) Q2 Earnings, Beyond Revenue and EPS
Wall Street analysts expect Acushnet (GOLF - Free Report) to post quarterly earnings of $1.33 per share in its upcoming report, which indicates a year-over-year increase of 19.8%. Revenues are expected to be $713.47 million, up 4.3% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Acushnet metrics that are commonly monitored and projected by Wall Street analysts.
The average prediction of analysts places 'Net Sales- Titleist golf balls' at $267.94 million. The estimate indicates a change of +8.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales- Titleist golf clubs' should arrive at $195.72 million. The estimate indicates a change of +10.3% from the prior-year quarter.
Analysts forecast 'Net Sales- FootJoy golf wear' to reach $154.05 million. The estimate suggests a change of -2% year over year.
The consensus among analysts is that 'Net Sales- Titleist golf gear' will reach $72.00 million. The estimate indicates a change of +4.5% from the prior-year quarter.
View all Key Company Metrics for Acushnet here>>>Over the past month, shares of Acushnet have returned +6.1% versus the Zacks S&P 500 composite's +0.5% change. Currently, GOLF carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .