Acushnet Holdings Corp reports results for the quarter ended March 31 - Earnings Summary

• Acushnet Holdings Corp GOLF.N reported quarterly adjusted earnings of $1.62​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.35. The mean expectation of six analysts for the quarter was for earnings of $1.31 per share. Wall Street expected results to range from $1.18 to $1.45 per share.

• Revenue fell 0.6% to $703.37 million from a year ago; analysts expected $697.77 million.

• Acushnet Holdings Corp's reported EPS for the quarter was $1.62​.

• The company reported quarterly net income of $99.37 million.

• Acushnet Holdings Corp shares had fallen by 5.3% this quarter and lost 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 1 "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 $68.00

This summary was machine generated from LSEG data May 7 at 01:31 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)