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

MarineMax

01/11/2024 03:31

* MarineMax Inc  HZO.N  reported quarterly adjusted earnings
of 24
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 69
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 30 cents per share. Wall Street expected
results to range from 7 cents to 96 cents per share.
    * Revenue fell 5.3% to $563.12 million from a year ago;
analysts
expected $583.46 million. 
    * MarineMax Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $4 million.
    * MarineMax Inc shares had fallen by 14.8% this quarter and
lost 22.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 47.8%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 MarineMax Inc is
40.00 
This summary was machine generated from LSEG data November 1 at
03:31 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      0.30           0.24           Missed
 Jun. 30 2024      1.40           1.51           Beat
 Mar. 31 2024      0.66           0.18           Missed
 Dec. 31 2023      0.50           0.19           Missed