Malibu Boats Inc reports results for the quarter ended in December - Earnings Summary

Malibu Boats

30/01/2024 14:31

* Malibu Boats Inc  MBUU.OQ  reported quarterly adjusted
earnings
of 57 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.83.  The mean expectation of seven analysts for the
quarter was for earnings of 47 cents per share. Wall Street
expected results to range from 28 cents to 53 cents per share.
    * Revenue fell 37.7% to $211.07 million from a year ago;
analysts
expected $219.70 million. 
    * Malibu Boats Inc's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $9.88
million.
    * Malibu Boats Inc shares had fallen by 6.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for Malibu Boats Inc
is $56.00 
This summary was machine generated from LSEG data January 30 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.47           0.57           Beat
 Sep. 30 2023      0.88           1.13           Beat
 Jun. 30 2023      2.30           2.98           Beat
 Mar. 31 2023      2.36           2.59           Beat