MarineMax Q4 revenue misses estimates on lower boat sales
MarineMax Q4 revenue misses estimates on lower boat sales
Overview
U.S. boat retailer's fiscal Q4 revenue fell and missed analyst expectations
Adjusted EPS for fiscal Q4 was negative and missed analyst expectations
Revenue decline driven by lower boat sales, partly offset by growth in higher-margin businesses
Outlook
MarineMax does not intend to provide financial guidance for fiscal 2027 due to pending acquisition
Acquisition by Safe Harbor expected to close by end of calendar year 2026
Result Drivers
LOWER BOAT SALES - Co said revenue decline was mainly due to lower boat sales, partly offset by growth in marinas and parts and service
HIGHER-MARGIN BUSINESSES - Gross margin expansion was driven by improved boat profitability and greater contribution from higher-margin businesses
ACQUISITION COSTS - SG&A expenses rose mainly due to costs related to the pending acquisition by Safe Harbor
Company press release: ID:nBw6Wh2w5a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $520.14 mln | $541.32 mln (8 Analysts) |
Q4 Adjusted EPS | Miss | -$0.08 | $0.04 (8 Analysts) |
Q4 Adjusted Net Income | Miss | -$1.80 mln | $805,000 (5 Analysts) |
Q4 Net Loss |
| $13.0 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy."
Wall Street's median 12-month price target for MarineMax Inc is $53.00, about 0.7% above its November 3 closing price of $52.65
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 24 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)