Brunswick Earnings: What To Look For From BC
Boat and marine manufacturer Brunswick (NYSE:BC) will be reporting earnings this Thursday before market hours. Here’s what to expect.
Brunswick beat analysts’ revenue expectations last quarter, reporting revenues of $1.38 billion, up 12.8% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates.
Is Brunswick a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Brunswick’s revenue to grow 5.2% year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Brunswick has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Brunswick’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Harley-Davidson’s revenues decreased 5.9% year on year, beating analysts’ expectations by 5.4%, and AMC Entertainment reported revenues up 14.2%, topping estimates by 8.7%. Harley-Davidson traded down 7.7% following the results while AMC Entertainment was up 13.4%.
Read our full analysis of Harley-Davidson’s results here and AMC Entertainment’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 down 4.3% during the same time and is heading into earnings with an average analyst price target of $90.18 (compared to the current share price of $82.02).
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