Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Acushnet (NYSE: GOLF) and the best and worst performers in the leisure products industry.
Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.
The 13 leisure products stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 1.9% below.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10.7% since the latest earnings results.
Acushnet (NYSE: GOLF)
Producer of the acclaimed Titleist Pro V1 golf ball, Acushnet (NYSE: GOLF) is a design and manufacturing company specializing in performance-driven golf products.
Acushnet reported revenues of $445.2 million, up 7.8% year on year. This print fell short of analysts’ expectations by 2.1%, but it was still a strong quarter for the company with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $66.08.
Is now the time to buy Acushnet? Access our full analysis of the earnings results here, it’s free.
Best Q4: Malibu Boats (NASDAQ: MBUU)
Founded in California in 1982, Malibu Boats (NASDAQ: MBUU) is a manufacturer of high-performance sports boats and luxury watercrafts.
Malibu Boats reported revenues of $200.3 million, down 5.1% year on year, outperforming analysts’ expectations by 4.8%. The business had an exceptional quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 20.8% since reporting. It currently trades at $30.42.
Is now the time to buy Malibu Boats? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Harley-Davidson (NYSE: HOG)
Founded in 1903, Harley-Davidson (NYSE: HOG) is an American motorcycle manufacturer known for its heavyweight motorcycles designed for cruising on highways.
Harley-Davidson reported revenues of $687.6 million, down 34.7% year on year, falling short of analysts’ expectations by 3.8%. It was a disappointing quarter as it posted a miss of analysts’ motorcycles sold estimates.
Harley-Davidson delivered the slowest revenue growth in the group. As expected, the stock is down 7.2% since the results and currently trades at $24.91.
Read our full analysis of Harley-Davidson’s results here.
Smith & Wesson (NASDAQ: SWBI)
With a history dating back to 1852, Smith & Wesson (NASDAQ: SWBI) is a firearms manufacturer known for its handguns and rifles.
Smith & Wesson reported revenues of $115.9 million, down 15.7% year on year. This result lagged analysts' expectations by 3%. All in all, it was a slower quarter for the company.
The stock is down 13.5% since reporting and currently trades at $9.55.
Read our full, actionable report on Smith & Wesson here, it’s free.
MasterCraft (NASDAQ: MCFT)
Started by a waterskiing instructor, MasterCraft (NASDAQ: MCFT) specializes in designing, manufacturing, and selling sport boats.
MasterCraft reported revenues of $63.37 million, down 29.4% year on year. This number surpassed analysts’ expectations by 4.4%. More broadly, it was a mixed quarter as it also produced a solid beat of analysts’ EPS estimates but EBITDA guidance for next quarter missing analysts’ expectations.
The stock is down 6.7% since reporting and currently trades at $17.
Read our full, actionable report on MasterCraft here, it’s free.
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