Boat and marine manufacturer Brunswick (NYSE:BC) will be reporting earnings this Thursday before market open. Here’s what investors should know.
Brunswick beat analysts’ revenue expectations by 8.5% last quarter, reporting revenues of $1.36 billion, up 6.8% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ EBITDA estimates.
Is Brunswick a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Brunswick’s revenue to grow 4.7% year on year to $1.21 billion, a reversal from the 15.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 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 four 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. Polaris delivered year-on-year revenue growth of 7.9%, beating analysts’ expectations by 5.8%, and Nike reported flat revenue, topping estimates by 1.7%. Polaris traded down 4.3% following the results while Nike was also down 10.5%.
Read our full analysis of Polaris’s results here and Nike’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. Brunswick is up 13.6% during the same time and is heading into earnings with an average analyst price target of $82.24 (compared to the current share price of $85.78).
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