GOLF Earnings Prediction
The chart below shows how GOLF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GOLF sees a -2.16% change in stock price 10 days leading up to the earnings, and a -2.33% change 10 days following the report. On the earnings day itself, the stock moves by +2.22%. This data can give you a slight idea of what to expect for the next quarter's release.
GOLF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
620.50M
4.57%
-9.27%
Gross Margin
53.81%
4.69%
-0.07%
Operating Margin
13.23%
-0.15%
-14.65%
Net Margin
8.91%
-7.28%
-13.16%
EPS
0.89
4.71%
-19.82%
No Data Available
GOLF Earnings Analysis
Acushnet Holdings Corp. Corporation (GOLF.N) Earnings Conference Call
Positive
Net Sales Increase: 1. Strong Net Sales Growth: Acushnet reported net sales of $621 million in Q3 2024, reflecting a 5% year-over-year increase, contributing to year-to-date net sales surpassing $2 billion with a 3% increase.
Adjusted EBITDA Growth: 2. Increased Adjusted EBITDA: The company achieved an adjusted EBITDA of $107 million in Q3 2024, which is a 9% increase compared to the same quarter in 2023, and a year-to-date adjusted EBITDA of $392 million, up 4%.
Golf Clubs Sales Surge: 3. Significant Growth in Golf Clubs: Titleist Golf Clubs experienced a robust 19% increase in net sales during Q3 2024, driven by the successful launch of new GT drivers and Fairway Metals, with year-to-date growth of 9%.
Gross Profit and Margin Increase: 4. Improved Gross Profit and Margin: Gross profit for Q3 2024 was $337 million, up 9% from the previous year, with a gross margin of 54.4%, an increase of 240 basis points, primarily due to higher sales volumes and a favorable product mix.
Shareholder Capital Return: 5. Shareholder Returns: Acushnet returned approximately $184 million to shareholders through $143 million in share repurchases and $41 million in cash dividends during the first nine months of 2024, demonstrating a strong commitment to returning capital.
Negative
Sales Decline in Golf Balls: Titleist Golf Balls net sales were down 1% in the quarter, indicating a decline in performance despite overall sales growth.
Revenue Decline Analysis: FootJoy revenues decreased by 2% during the third quarter and were down 3% year-to-date, reflecting challenges in the footwear and apparel market.
Decline in Net Sales: Net sales of products not allocated to a reportable segment were down in the third quarter, partly due to the timing of shoe shipments moving to early Q4.
Cash Flow Decline: Year-to-date cash flow from operations decreased compared to the first 9 months of 2023, primarily due to decreases in net income and changes in working capital.
Tax Rate Increase: The effective tax rate increased to 19.3% in Q3 from 16.5% in the previous year, driven by changes in jurisdictional earnings mix.
GOLF FAQs
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GOLF Earning Call Sentiment
Acushnet Holdings Corp. (GOLF) Q3 2024 Earnings Call Transcript
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GOLF.N
-0.83%Positive
The earnings call shows mixed signals: strong growth in specific product lines and improved gross margins are positive, but supply chain challenges and increased expenses pose risks. The Q&A section indicates stable U.S. market performance but lacks clarity on promotional impacts. The stock's market cap suggests less volatility, leading to a neutral prediction.
