Acushnet Holdings Corp. (NYSE:GOLF) is set to announce third quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GOLF to report 3Q20 income of $ 0.41 per share.
For the full year, analysts anticipate top line of $ 1506.89 million, while looking forward to income of $ 0.85 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,665.00 million ~ $ 1,705.00 million
Click Here For More Historical Outlooks Of Acushnet Holdings Corp.
Previous Quarter Performance
Acushnet Holdings Corp. announced income for the second quarter of $ 0.05 per share, from the revenue of $ 300.00 million. The quarterly earnings shrunk 90.20 percent while revenues down 38.15 percent compared with the same quarter last year.
Wall street analysts are predicting, GOLF to report 2Q20 income of $ 0.16 per share from revenue of $ 356.32 million. The bottom line results missed street analysts by $ 0.11 or 68.75 percent, at the same time, top line results fell short of analysts by $ 56.32 million or 15.81 percent.
Stock Performance
Shares of Acushnet Holdings Corp. traded up $ 1.08 or 3.03 percent on Thursday, reaching $ 36.67 with volume of 304.20 thousand shares. Acushnet Holdings Corp. has traded high as $ 36.80 and has cracked $ 35.53 on the downward trend
According to the previous trading day, closing price of $ 36.67, representing a 72.35 % increase from the 52 week low of $ 20.65 and a 10.69 % decrease over the 52 week high of $ 39.85.
The company has a market capital of $ 2.72 billion and is part of the Consumer Cyclical sector and Leisure industry.
Conference Call
Acushnet Holdings Corp. will be hosting a conference call at 8:30 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.acushnetholdingscorp.com
Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.
