Acushnet Hldgs Q1 2024 GAAP EPS $1.35 Beats $1.27 Estimate, Sales $707.554M Beat $689.057M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acushnet Holdings (NYSE:GOLF) reported Q1 2024 earnings of $1.35 per share, surpassing the $1.27 estimate, with sales of $707.554M also beating the $689.057M forecast. This represents a slight decrease in EPS from last year but a 3.10% increase in sales.
May 07, 2024 | 10:34 am
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Acushnet Holdings reported a Q1 2024 EPS of $1.35, beating estimates, and sales of $707.554M, also above expectations. EPS saw a slight decrease from last year, while sales grew by 3.10%.
Beating both EPS and sales estimates typically has a positive impact on a company's stock price in the short term. The slight decrease in EPS year-over-year might temper the positive reaction somewhat, but the overall beat and sales growth indicate strong performance, likely leading to a positive investor sentiment towards GOLF.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100