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

Malibu Boats

02/05/2024 16:23

* Malibu Boats Inc  MBUU.OQ  reported quarterly adjusted
earnings
of 63 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of $2.59.  The mean expectation of seven analysts for the
quarter was for earnings of 48 cents per share. Wall Street
expected results to range from 43 cents to 49 cents per share.
    * Revenue fell 45.8% to $203.42 million from a year ago;
analysts
expected $206.51 million. 
    * Malibu Boats Inc's reported EPS for the quarter was a loss
of
$3.28​.
    * The company reported a quarterly loss of $61.83 million.
    * Malibu Boats Inc shares had fallen by 23.6% this
quarter and
lost 39.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 42.1%
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 4 "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 $50.00 
This summary was machine generated from LSEG data May 2 at 03:22
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
 Mar. 31 2024      0.48           0.63           Beat
 Dec. 31 2023      0.47           0.57           Beat
 Sep. 30 2023      0.88           1.13           Beat
 Jun. 30 2023      2.30           2.98           Beat