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Compared to Estimates, Brunswick (BC) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, Brunswick (BC - Free Report) reported revenue of $1.59 billion, down 6.2% over the same period last year. EPS came in at $2.42, compared to $2.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of -3.90%. The company delivered an EPS surprise of +2.54%, with the consensus EPS estimate being $2.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brunswick performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Propulsion: $718.20 million versus $757.87 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.5% change.
Net Sales- Engine Parts & Accessories: $344.60 million versus the five-analyst average estimate of $410.92 million. The reported number represents a year-over-year change of -41.4%.
Net Sales- Boat: $428.60 million compared to the $437.79 million average estimate based on five analysts. The reported number represents a change of -16.1% year over year.
Net Sales- Segment Eliminations: -$111.20 million compared to the -$112.16 million average estimate based on five analysts. The reported number represents a change of -3.1% year over year.
Net Sales- Navico Group: $213.40 million versus the four-analyst average estimate of $239.34 million.
Operating Earnings (Loss) As Adjusted- Propulsion: $132.70 million versus $147.53 million estimated by two analysts on average.
Operating Earnings (Loss) As Adjusted- Engine Parts & Accessories: $77.90 million versus $86.45 million estimated by two analysts on average.
Operating Earnings (Loss) As Adjusted- Navico Group: $20.10 million versus $22.80 million estimated by two analysts on average.
Operating Earnings (Loss) As Adjusted- Corporate/Other: -$27.80 million versus the two-analyst average estimate of -$32.44 million.
Operating Earnings (Loss) As Adjusted- Boat: $27.20 million versus the two-analyst average estimate of $20.51 million.
Shares of Brunswick have returned -12.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Brunswick (BC) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Brunswick (BC - Free Report) reported revenue of $1.59 billion, down 6.2% over the same period last year. EPS came in at $2.42, compared to $2.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.66 billion, representing a surprise of -3.90%. The company delivered an EPS surprise of +2.54%, with the consensus EPS estimate being $2.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brunswick performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Propulsion: $718.20 million versus $757.87 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +0.5% change.
- Net Sales- Engine Parts & Accessories: $344.60 million versus the five-analyst average estimate of $410.92 million. The reported number represents a year-over-year change of -41.4%.
- Net Sales- Boat: $428.60 million compared to the $437.79 million average estimate based on five analysts. The reported number represents a change of -16.1% year over year.
- Net Sales- Segment Eliminations: -$111.20 million compared to the -$112.16 million average estimate based on five analysts. The reported number represents a change of -3.1% year over year.
- Net Sales- Navico Group: $213.40 million versus the four-analyst average estimate of $239.34 million.
- Operating Earnings (Loss) As Adjusted- Propulsion: $132.70 million versus $147.53 million estimated by two analysts on average.
- Operating Earnings (Loss) As Adjusted- Engine Parts & Accessories: $77.90 million versus $86.45 million estimated by two analysts on average.
- Operating Earnings (Loss) As Adjusted- Navico Group: $20.10 million versus $22.80 million estimated by two analysts on average.
- Operating Earnings (Loss) As Adjusted- Corporate/Other: -$27.80 million versus the two-analyst average estimate of -$32.44 million.
- Operating Earnings (Loss) As Adjusted- Boat: $27.20 million versus the two-analyst average estimate of $20.51 million.
View all Key Company Metrics for Brunswick here>>>Shares of Brunswick have returned -12.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.