Q4 Earnings Roundup: Peloton (NASDAQ:PTON) And The Rest Of The Leisure Products Segment
Earnings results often indicate what direction a company will take in the months ahead. With Q4 now behind us, let’s have a look at Peloton (NASDAQ:PTON) and its peers.
Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.
The 12 leisure products stocks we track reported a weak Q4; on average, revenues missed analyst consensus estimates by 1.3%. while next quarter's revenue guidance was 11.6% below consensus. Valuation multiples for growth stocks have reverted to their historical means after reaching highs in early 2021, but leisure products stocks held their ground better than others, with the share prices up 0.9% on average since the previous earnings results.
Peloton (NASDAQ:PTON)
Started as a Kickstarter campaign, Peloton (NASDAQ: PTON) is a fitness technology company known for its at-home exercise equipment and interactive online workout classes.
Peloton reported revenues of $743.6 million, down 6.2% year on year, topping analyst expectations by 1.3%. It was a slower quarter for the company, with revenue guidance for next quarter and full-year missing analysts' expectations.
The stock is down 32.3% since the results and currently trades at $3.77.
Read our full report on Peloton here, it's free.
Best Q4: Smith & Wesson (NASDAQ:SWBI)
With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.
Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' revenue and earnings estimates.
The stock is up 32.4% since the results and currently trades at $17.79.
Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.
Slowest Q4: Brunswick (NYSE:BC)
Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts.
Brunswick reported revenues of $1.36 billion, down 14% year on year, falling short of analyst expectations by 5.4%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.
The stock is up 15.7% since the results and currently trades at $93.26.
Read our full analysis of Brunswick's results here.
Acushnet (NYSE:GOLF)
Producer of the acclaimed Titleist Pro V1 golf ball, Acushnet (NYSE:GOLF) is a design and manufacturing company specializing in performance-driven golf products.
Acushnet reported revenues of $413 million, down 7.7% year on year, falling short of analyst expectations by 3.8%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates.
Acushnet pulled off the highest full-year guidance raise among its peers. The stock is down 7.6% since the results and currently trades at $63.92.
Read our full, actionable report on Acushnet here, it's free.
Johnson Outdoors (NASDAQ:JOUT)
Operating in locations worldwide, Johnson Outdoors (NASDAQ:JOUT) specializes in innovative outdoor recreational products for adventurers worldwide.
Johnson Outdoors reported revenues of $138.6 million, down 22.3% year on year, falling short of analyst expectations by 1.3%. It was a slower quarter for the company, with a miss of analysts' revenue estimates.
The stock is up 0.1% since the results and currently trades at $45.59.
Read our full, actionable report on Johnson Outdoors here, it's free.
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