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

• Acushnet Holdings Corp GOLF.N reported quarterly adjusted earnings of 81 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of seven analysts for the quarter was for earnings of 85 cents per share. Wall Street expected results to range from 73 cents to 96 cents per share.

• Revenue rose 6% to $657.66 million from a year ago; analysts expected $632.97 million.

• Acushnet Holdings Corp's reported EPS for the quarter was 81 cents​.

• The company reported quarterly net income of $48.51 million.

• Acushnet Holdings Corp shares had fallen by 4.1% this quarter and gained 5.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4% 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 1 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the recreational products peer group is "buy."

• Wall Street's median 12-month price target for Acushnet Holdings Corp is $80.00, about 5.9% above its last closing price of $75.29

This summary was machine generated from LSEG data November 5 at 02:31 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)