Brunswick(US:BC) ZACKSยท2024-07-25 14:36Core Insights - Brunswick reported revenue of $1.44 billion for the quarter ended June 2024, a decrease of 15.2% year-over-year, and EPS of $1.80, down from $2.35 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.55 billion by 6.90%, and the EPS also missed the consensus estimate of $1.90 by 5.26% [1] Financial Performance Metrics - Net Sales- Propulsion: $558 million, down 20.7% year-over-year, compared to the average estimate of $642.66 million [2] - Net Sales- Engine Parts & Accessories: $336.10 million, slightly above the average estimate of $332.42 million [2] - Net Sales- Boat: $434.20 million, a decline of 22.6% year-over-year, versus the average estimate of $462.83 million [2] - Net Sales- Segment Eliminations: -$94.50 million, better than the average estimate of -$107.13 million, representing a year-over-year change of -20.3% [2] - Net Sales- Navico Group: $210.10 million, below the average estimate of $221.97 million [2] - Operating Earnings (Loss) As Adjusted- Propulsion: $86.70 million, compared to the average estimate of $91.96 million [2] - Operating Earnings (Loss) As Adjusted- Engine Parts & Accessories: $75.80 million, exceeding the average estimate of $69.31 million [2] - Operating Earnings (Loss) As Adjusted- Navico Group: $15.60 million, below the average estimate of $20.54 million [2] - Operating Earnings (Loss) As Adjusted- Corporate/Other: -$24.40 million, better than the average estimate of -$34.26 million [2] - Operating Earnings (Loss) As Adjusted- Boat: $27.10 million, significantly lower than the average estimate of $42.98 million [2] Stock Performance - Brunswick shares have returned +3.1% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]