Brunswick (BC) Q1 Earnings and Revenues Miss Estimates
BrunswickBrunswick(US:BC) Zacks Investment Research·2024-04-25 12:31

Company Performance - Brunswick reported quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.36 per share, and down from $2.57 per share a year ago, representing an earnings surprise of -0.74% [1] - The company posted revenues of $1.37 billion for the quarter, missing the Zacks Consensus Estimate by 0.61%, and down from $1.74 billion year-over-year [1] - Over the last four quarters, Brunswick has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] Future Outlook - The current consensus EPS estimate for the coming quarter is $2.02 on revenues of $1.6 billion, and for the current fiscal year, it is $7.50 on revenues of $6.08 billion [4] - The estimate revisions trend for Brunswick is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Leisure and Recreation Products industry, to which Brunswick belongs, is currently in the bottom 20% of over 250 Zacks industries, which may negatively impact stock performance [5] - Another company in the same industry, Topgolf Callaway Brands, is expected to report break-even quarterly earnings, reflecting a year-over-year change of -100%, with revenues anticipated to be $1.15 billion, down 1.3% from the previous year [5][6]