Company Overview - Acushnet Holdings Corp. is a leading player in the global golf industry, known for manufacturing and distributing a wide range of golf products including golf balls, clubs, wedges, putters, and various golf gear [1] Brand Portfolio - The company operates several well-known brands such as Titleist, FootJoy, Scotty Cameron, Vokey Design, and Pinnacle, which contribute to its strong market presence [1]

Company Overview - Acushnet (GOLF) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with a consensus outlook suggesting a quarterly loss of $0.32 per share, reflecting a +22% change from the previous year [1][3] - Revenues are expected to reach $455.13 million, marking a 10.2% increase compared to the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on February 27, 2025, and could influence the stock price significantly depending on whether the actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 1.34% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that Acushnet has a negative Earnings ESP of -14.20%, suggesting a lower likelihood of beating the consensus EPS estimate [10][11] - The stock currently holds a Zacks Rank of 4, which further complicates the prediction of an earnings beat [11] Historical Performance - In the last reported quarter, Acushnet exceeded the consensus EPS estimate by +12.66%, with actual earnings of $0.89 per share compared to an expected $0.79 [12] - Over the past four quarters, Acushnet has beaten consensus EPS estimates two times [13] Industry Comparison - Amer Sports, Inc. (AS), a competitor in the same industry, is expected to report earnings of $0.17 per share for the quarter ended December 2024, reflecting a year-over-year change of +254.6% [17] - Amer Sports is projected to achieve revenues of $1.6 billion, up 21.6% from the previous year, and has a positive Earnings ESP of 17.10% along with a Zacks Rank of 2, indicating a strong likelihood of beating the consensus EPS estimate [18]

Core Points - Acushnet Holdings Corp. will replace Retail Opportunity Investments Corp. in the S&P SmallCap 600 effective February 13, 2025 [1] - Blackstone Inc. is acquiring Retail Opportunity Investments, with the deal expected to close soon [1] Summary by Category Company Changes - Acushnet Holdings Corp. will be added to the S&P SmallCap 600 under the ticker GOLF in the Consumer Discretionary sector [1] - Retail Opportunity Investments Corp. will be removed from the S&P SmallCap 600 under the ticker ROIC in the Real Estate sector [1] Index Information - The changes will take effect prior to the opening of trading on the specified date [1]

Inspired by the game Johnnie Walker has been associated with for over a century and timed to WM Phoenix Open, the partnership's largest drop to date celebrates the next generation of golfers and whisky drinkersNEW YORK, Feb. 5, 2025 /PRNewswire/ -- For almost 100 years, Johnnie Walker has been committed to expanding the traditions for both golf and Scotch occasions. In 1926, Johnnie Walker introduced its 'hole-in-one' program, offering a bottle to any player who had a verified shot – the beginning of the br ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

CAMARILLO, CA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces that Executive Chairman Greg Campbell will present a corporate overview at the Winter 2024 Investor Summit. The conference is being held virtually on November 21, 2024. Event:Winter 2024 Investor Summit  Presentation Date: Nove ...

CAMARILLO, CA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, reports financial results for its fiscal third quarter ended September 30, 2024. Financial Highlights for Third Quarter 2024 Revenue was $1,211,000 in 3Q24, an increase of 1,175% over $95,000 in 3Q23 and a sequential increase of 49% over ...

Financial Data and Key Metrics Changes - Acushnet reported net sales of $621 million for Q3 2024, representing a 5% year-over-year increase, contributing to adjusted EBITDA of $107 million, up 9% from Q3 2023 [5][15] - Year-to-date net sales surpassed $2 billion, up 3% compared to the same period in 2023, with adjusted EBITDA of $392 million, an increase of 4% [6][15] - Gross profit for Q3 was $337 million, up 9% or $29 million compared to 2023, with a gross margin of 54.4%, an increase of 240 basis points year-over-year [17][18] Business Segment Data and Key Metrics Changes - Titleist Golf Balls saw a 1% decrease in net sales for Q3 but a 5% increase year-to-date, driven by Pro V1 momentum [7][16] - Titleist Golf Clubs experienced a significant 19% increase in Q3, with year-to-date growth of 9%, led by the successful launch of GT drivers and Fairway Metals [9][16] - Titleist Golf Gear increased by 9% in Q3 and 3% year-to-date, while FootJoy revenues decreased by 2% in Q3 and 3% year-to-date due to a soft apparel and footwear market [10][16] Market Data and Key Metrics Changes - In the U.S. market, net sales increased by 6% in Q3 and 7% year-to-date, with growth across all segments [12] - Internationally, Japan, Korea, and Rest of World saw increases, while EMEA experienced a decline [12] - Year-to-date rounds of play in the U.S. are up 2%, with projections indicating a 2% decrease in rounds outside the U.S. [12][29] Company Strategy and Development Direction - Acushnet plans to launch new Pro V1 models in January 2025, marking the 25th anniversary of Pro V1, with positive player feedback already received [8] - The company is transitioning its footwear production to a new facility in Vietnam to enhance innovation and speed to market [10] - A new operating segment combining Titleist Golf Balls and Golf Clubs into Titleist Golf Equipment will be reported starting with the 2024 10-K filing [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the U.S. consumer and the overall health of the golf industry, despite some weather-related variability [28][29] - The company anticipates year-over-year sales growth in all segments except Golf Balls for Q4, with expected adjusted EBITDA improvement [22][23] - Management highlighted a strong balance sheet and disciplined capital allocation as foundational to the company's investment thesis [14][20] Other Important Information - The company returned approximately $184 million to shareholders through share repurchases and dividends, with a quarterly cash dividend of $0.215 per share declared [21] - Inventory position improved significantly, declining 19% compared to year-end 2023 [20] Q&A Session Summary Question: Trends in participation and engagement in the current landscape - Management noted a 2% year-to-date increase in U.S. rounds of play, with positive indicators for the golf industry despite some regional slow starts [27][28] Question: Insights on gross margin and promotional landscape - Management indicated that gross margin trends are expected to remain stable, with normal promotional activity anticipated during the holiday season [30][31]

For the quarter ended September 2024, Acushnet (GOLF) reported revenue of $620.5 million, up 4.6% over the same period last year. EPS came in at $0.89, compared to $0.85 in the year-ago quarter.The reported revenue represents a surprise of -0.34% over the Zacks Consensus Estimate of $622.63 million. With the consensus EPS estimate being $0.79, the EPS surprise was +12.66%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Acushnet (GOLF) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.66%. A quarter ago, it was expected that this golf products maker would post earnings of $1.18 per share when it actually produced earnings of $1.11, delivering a surprise of -5.93%.Over the last four quarters, the com ...