Brunswick Q3 Adj. EPS $2.42 Beats $2.36 Estimate, Sales $1.59B Miss $1.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Brunswick (NYSE:BC) reported Q3 adjusted earnings of $2.42 per share, beating the analyst consensus estimate of $2.36 by 2.54 percent. However, this is a 9.36 percent decrease from the same period last year. The company's quarterly sales of $1.59 billion missed the analyst consensus estimate of $1.66 billion by 3.98 percent, marking a 6.12 percent decrease from the same period last year.
October 26, 2023 | 10:12 am
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Brunswick's Q3 earnings beat estimates but decreased 9.36% YoY. Sales missed estimates and decreased 6.12% YoY.
Brunswick's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100