NYSE:GOLF - New York Stock Exchange, Inc. - US0050981085 - Common Stock - Currency: USD
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KeyBanc analyst Noah Zatzkin warns of growing risks ahead of Q1 FY25 earnings for leisure brands, citing weak demand and tariff uncertainties. Retail slowdowns and macroeconomic concerns prompt widespread estimate and price target cuts.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Brunswick (NYSE:BC) and the best and worst performers in the leisure products industry.
Acushnet currently trades at $60.14 per share and has shown little upside over the past six months, posting a small loss of 4.8%.
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Acushnet Holdings Corp. forecast net sales that missed analyst estimates as the owner of golf brands Titleist and FootJoy flagged a $35 million hit from currency conversions.
Golf equipment and apparel company Acushnet (NYSE:GOLF) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 7.8% year on year to $445.2 million. The company’s full-year revenue guidance of $2.51 billion at the midpoint came in 1.3% below analysts’ estimates. Its GAAP loss of $0.02 per share was 93.9% above analysts’ consensus estimates.
Golf equipment and apparel company Acushnet (NYSE:GOLF) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Shares of golf equipment and apparel company Acushnet (NYSE:GOLF) jumped 10% in the morning session after the S&P Dow Jones Indices announced that the company would be added to the S&P SmallCap 600 index before the opening of trading on Thursday, February 13, 2025. Being included in the index means that Acushnet will likely be held by many mutual funds and ETFs, which could potentially drive up demand for the stock.