Boat and marine manufacturer Brunswick (NYSE: BC) will be reporting results tomorrow before market open. Here’s what investors should know.
Brunswick beat analysts’ revenue expectations by 11.3% last quarter, reporting revenues of $1.15 billion, down 15.2% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EPS estimates.
Is Brunswick a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Brunswick’s revenue to decline 17.1% year on year to $1.13 billion, improving from the 21.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 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 five times over the last two years.
Looking at Brunswick’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nike’s revenues decreased 9.3% year on year, beating analysts’ expectations by 2.3%, and Monarch reported revenues up 3.1%, topping estimates by 2.1%. Nike traded down 5.4% following the results.
Read our full analysis of Nike’s results here and Monarch’s results here.
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