Boat and marine manufacturer Brunswick (NYSE:BC) will be reporting results tomorrow morning. Here’s what to expect.
Brunswick missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.27 billion, down 20.1% year on year. It was a softer quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is Brunswick a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Brunswick’s revenue to decline 23.8% year on year to $1.04 billion, a further deceleration from the 14% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Brunswick has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Brunswick’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Nike’s revenues decreased 7.7% year on year, beating analysts’ expectations by 1.8%, and VF Corp reported revenues up 1.9%, topping estimates by 2.8%. Nike’s stock price was unchanged following the results.
Read our full analysis of Nike’s results here and VF Corp’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 5.1% on average over the last month. Brunswick is up 6.7% during the same time and is heading into earnings with an average analyst price target of $83.27 (compared to the current share price of $69).
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