Brunswick Beats Estimates but Has a Dismal Quarter
Brunswick (NYS: BC) reported earnings on Jan. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Brunswick beat slightly on revenues.
Compared to the prior-year quarter, revenue increased and earnings per share contracted.
Margins increased across the board.
Brunswick reported revenue of $789.1 million. The eight analysts polled by S&P Capital IQ predicted revenue of $776.9 million. Sales were 8.3% higher than the prior-year quarter's $728.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.30. The seven earnings estimates compiled by S&P Capital IQ anticipated -$0.37 per share on the same basis. GAAP EPS were -$0.33 for Q4 versus -$1.18 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 20.5%, 460 basis points better than the prior-year quarter. Operating margin was -1.7%, 600 basis points better than the prior-year quarter. Net margin was -3.8%, 1,050 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.01 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $3.89 billion. The average EPS estimate is $1.44.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 133 members out of 245 rating the stock outperform, and 112 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Brunswick a green thumbs-up, and 36 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brunswick is outperform, with an average price target of $27.67.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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