Analyst: Brunswick report will predict steeper industry sales decline - Trade Only Today

Analyst: Brunswick report will predict steeper industry sales decline


Wells Fargo Securities analyst Timothy Conder is predicting Brunswick will say it expects industry retail boat sales to be down 15 to 20 percent this year, as opposed to the 10 percent it had previously predicted, when it releases second quarter earnings July 29.

"Expectations of a return to profitability in '11 will be reaffirmed, but likely [with] a higher degree of caution," Conder said.

He expects Brunswick will say domestic new-boat sales have trailed expectations, but internationals sales remain solid. Conder also says Brunswick will confirm inboard/sterndrive engines continue to exceed expectations, while outboards are meeting expectations.

Conder also reiterated the "outperform" rating of Brunswick stock.

Brunswick's stock closed Tuesday at $14.97 per share, after opening at $14.01. Its 52-week high and low are $22.89 and $4.21.

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