Wall Street analysts expect Acushnet (GOLF) to post quarterly earnings of $0.79 per share in its upcoming report, which indicates a year-over-year decline of 7.1%. Revenues are expected to be $622.63 million, up 4.9% from the year-ago quarter.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company’s earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts’ forecasts for certain key metrics often provides a more comprehensive understanding.

In light of this perspective, let’s dive into the average estimates of certain Acushnet metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts expect ‘Net Sales- Titleist golf balls’ to come in at $190.49 million. The estimate suggests a change of -1.1% year over year.

Based on the collective assessment of analysts, ‘Net Sales- Titleist golf clubs’ should arrive at $204.61 million. The estimate indicates a change of +13% from the prior-year quarter.

The combined assessment of analysts suggests that ‘Net Sales- Other’ will likely reach $36.48 million. The estimate points to a change of +3.1% from the year-ago quarter.

It is projected by analysts that the ‘Net Sales- FootJoy golf wear’ will reach $140.67 million. The estimate points to a change of +2.9% from the year-ago quarter.

The collective assessment of analysts points to an estimated ‘Net Sales- Titleist golf gear’ of $50.49 million. The estimate indicates a change of +5.8% from the prior-year quarter.

View all Key Company Metrics for Acushnet here>>>

Acushnet shares have witnessed a change of -0.9% in the past month, in contrast to the Zacks S&P 500 composite’s -0.5% move. With a Zacks Rank #4 (Sell), GOLF is expected underperform the overall market performance in the near term. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>

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