Malibu Boats Inc reports results for the quarter ended in June 30 - Earnings Summary

Malibu Boats

29/08/2024 14:31

* Malibu Boats Inc  MBUU.OQ  reported a quarterly adjusted
loss
of 39 cents​​ per share for the quarter ended June 30, lower
than the same quarter last year, when the company reported EPS
of $2.98.  The mean expectation of eight analysts for the
quarter was for a loss of 32 cents per share. Wall Street
expected results to range from -49 cents to -19 cents per share.
    * Revenue fell 57.4% to $158.71 million from a year ago;
analysts
expected $157.54 million. 
    * Malibu Boats Inc's reported EPS for the quarter was a loss
of 94
cents​.
    * The company reported a quarterly loss of $19.22 million.
    * Malibu Boats Inc shares had fallen by 0.6% this
quarter and
lost 36.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"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 $40.00 
This summary was machine generated from LSEG data August 29 at
01:31 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
 Jun. 30 2024      -0.32          -0.39          Missed
 Mar. 31 2024      0.48           0.63           Beat
 Dec. 31 2023      0.47           0.57           Beat
 Sep. 30 2023      0.88           1.13           Beat