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

Malibu Boats

01/11/2024 03:40

* Malibu Boats Inc  MBUU.OQ  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $1.13.  The mean expectation of eight analysts for the
quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -25 cents to 18 cents per share.
    * Revenue fell 32.9% to $171.58 million from a year ago;
analysts
expected $165.08 million. 
    * Malibu Boats Inc's reported EPS for the quarter was a loss
of 25
cents​.
    * The company reported a quarterly loss of $5.05 million.
    * Malibu Boats Inc shares had risen by 8.8% this quarter and
lost 23.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 113.7% 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," 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 44.00 
This summary was machine generated from LSEG data November 1 at
03:39 a.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
 Sep. 30 2024      -0.08          0.08           Beat
 Jun. 30 2024      -0.32          -0.39          Missed
 Mar. 31 2024      0.48           0.63           Beat
 Dec. 31 2023      0.47           0.57           Beat