Acushnet (GOLF) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2023, Acushnet (GOLF) reported revenue of $689.36 million, up 4.7% over the same period last year. EPS came in at $1.09, compared to $0.91 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $674.77 million, representing a surprise of +2.16%. The company delivered an EPS surprise of +17.20%, with the consensus EPS estimate being $0.93.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $237.60 million versus $213.96 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18% change.
Net Sales- FootJoy golf wear: $158.20 million versus the four-analyst average estimate of $173.84 million. The reported number represents a year-over-year change of -11.1%.
Net Sales- Titleist golf gear: $69.90 million versus the four-analyst average estimate of $68.73 million. The reported number represents a year-over-year change of +1.2%.
Net Sales- Titleist golf clubs: $188 million compared to the $160.72 million average estimate based on four analysts. The reported number represents a change of +14.5% year over year.
View all Key Company Metrics for Acushnet here>>>
Shares of Acushnet have returned +10.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Acushnet (GOLF) : Free Stock Analysis Report
