Brunswick Corporation is set to release its fourth-quarter 2023 results on Feb 1, 2024. Last quarter, the company delivered an earnings surprise of 2.5%.
Estimates for Q4
The Zacks Consensus Estimate for Brunswick’s fourth-quarter earnings per share (EPS) is $1.66, indicating a 16.6% decrease from the year-ago quarter, while the revenue consensus stands at nearly $1.4 billion, hinting at a 9.3% decline.
Price and EPS Performance
Brunswick Corporation price-eps-surprise | Brunswick Corporation Quote
The upcoming quarter’s performance is expected to be influenced by various factors. The company might have benefited from strong demand for high-horsepower outboard engines, new model introductions, and effective marketing strategies. Additionally, the positive reception of new products and robust retailer stocking likely drove strong retail sales in the to-be-reported quarter. The addition of Flite to its brand portfolio and the introduction of Brunswick Finance are expected to have further supported the company’s performance. However, lower order rates for certain products and challenges posed by the uncertain macroeconomic environment might have impacted the bottom line.
Factors to Consider
The quarter’s Engine Parts and Accessories sales are estimated at $239 million, reflecting a 49% decline from the year-ago quarter, while the Propulsion segment sales are predicted to be $658 million, compared with $670 million reported previously. The uncertain macroeconomic environment and consumer challenges might have posed obstacles to the company’s performance.
Zacks Model Insights
Though a positive combination of Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) typically raises the odds of an earnings beat, Brunswick has an Earnings ESP of 0.00% and carries a Zacks Rank #3. This suggests that an earnings beat might not be in the cards this time.
Stocks Set to Beat Earnings Estimates
For investors keen on the Consumer Discretionary sector, the following stocks might be worth considering:
MGM Resorts International (MGM) has an Earnings ESP of +14.99% and a Zacks Rank #3. MGM’s strong track record of beating earnings estimates and a 5.9% increase in share value over the past year indicate its potential.
Boyd Gaming Corporation (BYD) has an Earnings ESP of +1.10% and a Zacks Rank #3. With a 3.7% rise in shares over the past year, Boyd Gaming’s history of beating estimates portrays a promising outlook.
Hasbro, Inc. (HAS) has an Earnings ESP of +5.05% and a Zacks Rank #3. Despite a 13.1% decline in share value over the past year, Hasbro has the potential to surprise investors with its earnings estimates.
Stay informed about upcoming earnings announcements with the Zacks Earnings Calendar.
