3 Leisure Stocks Poised to Beat Earnings Estimates in Q4

Leisure Industry Overview - The leisure industry is experiencing robust demand, particularly in recreational products and the golf sector, driven by increased participation from millennials and new golfers [1] - Golf's influence reaches approximately 123 million individuals in the U.S., reflecting a 30% increase since 2016 [1] Golf Industry Insights - Companies are leveraging consumer data and digital platforms to promote products, while golf courses are investing in facilities to meet changing consumer preferences [2] - The golf industry is benefiting from high participation rates, but faces challenges from macroeconomic factors and supply chain constraints [2] Boat Industry Developments - The boat industry is focused on enhancing consumer experiences and optimizing operations through digital marketing and product investments [3] - New powerboat retail sales are projected to decline slightly in 2023, estimated between 1% to 3%, totaling around 258,000 units [4] Cruise Industry Trends - The cruise industry is gaining momentum through staycation offerings and efforts to reduce price differences with land-based vacations, with many companies reporting higher bookings compared to 2019 [5] - Ongoing geopolitical uncertainties and macroeconomic risks may hinder growth in the cruise sector [5] Theme Park Industry Growth - The theme park industry is benefiting from increased food and beverage sales and strategic investments in amenities and attractions [6] - Companies are exploring new business development opportunities to align with evolving customer preferences, indicating a positive growth trajectory [6] Company-Specific Performance - Academy Sports and Outdoors, Inc. (ASO) is expected to report a 13.2% earnings growth in Q4 2023, driven by new store expansions and improved customer engagement [8][9] - Acushnet Holdings Corp. (GOLF) anticipates strong demand due to healthy golfer participation, with a projected loss of 38 cents per share for Q4 2023 [9] - Planet Fitness, Inc. (PLNT) is expected to see a 9.4% earnings growth in Q4 2023, supported by strategic marketing initiatives and expansion efforts [10]