Acushnet shares soared 7.2% in the last trading session to close at $107.73, backed by solid volume. The move was driven by a more favorable macroeconomic backdrop, reduced geopolitical uncertainty, and confidence in the company's leading golf brands, with expectations that healthy participation trends will continue to support business growth. The company is expected to post quarterly earnings of $1.60 per share, a year-over-year increase of 28%, on revenues of $776.33 million, up 7.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days, and the stock currently carries a Zacks Rank of 3, or Hold. Another stock in the Zacks Leisure and Recreation Products industry, American Outdoor Brands, finished the session 3.4% higher at $10.13 and has returned 7.6% over the past month.
Acushnet Holdings CorpShares surged on favorable macroeconomic backdrop and reduced geopolitical uncertainty, which are monetary/geopolitical drivers.
American Outdoor Brands Inc