During the last 5 days, the stock worth of Acushnet Holdings has been decreasing. The stock price has reached its lowest point at $53 for today, while its peak was at $56. Furthermore, the company has announced the second-quarter report, where the quarterly earnings made up $1.08 per stock, while the analysts’ estimates were $0.77. This compares to earnings of $0.03 per share a year ago.
Acushnet shares have added about 32% since the beginning of the year versus the S&P 500’s gain of 17.2%. The current estimates for the upcoming quarters are $0.15 on $404.86 million in revenues for the coming quarter and $2.01 on $1.86 billion in revenues for the current fiscal year. However, investors should keep in mind that the outlook for the industry can also have a significant impact on stock returns.
Finance and Entertainment Reporter
Richard is a bottle of wine – the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.