Acushnet Holdings Corp reports results for the quarter ended in September 30 - Earnings Summary

Reuters11-07

* Acushnet Holdings Corp reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of eight analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 56 cents to 95 cents per share.

* Revenue rose 4.6% to $620.50 million from a year ago; analysts expected $620.37 million.

* Acushnet Holdings Corp's reported EPS for the quarter was 89 cents​.

* The company reported quarterly net income of $56.22 million.

* Acushnet Holdings Corp shares had fallen by 0.7% this quarter and gained 0.2% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 3% in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the recreational products peer group is also "hold"

Wall Street's median 12-month price target for Acushnet Holdings Corp is $74.00 This summary was machine generated from LSEG data November 7 at 02:43 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.79 0.89 Beat

Jun. 30 2024 1.20 1.11 Missed

Mar. 31 2024 1.24 1.35 Beat

Dec. 31 2023 -0.37 -0.41 Missed

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