MasterCraft Boat in choppy waters after weak results

Mastercraft Boat Holdings

12/09/2019 15:52

** Shares of power-boat maker  MCFT.O  fall as much as
24.38% to $13.80 - biggest single-day percentage loss since June
2016
    ** Co beats estimates for Q4 EPS but misses on revenue;
reports Q4 adj. EPS of 85 cents with revenue of $122.8 mln vs.
analyst estimates of 81 cents and $126.2 mln
    ** More than 597,734 shares traded, 2.5x their 30-day moving
avg
    ** Average rating among 6 analysts covering MCFT is "buy";
median PT on stock is $33
    ** MCFT shares are down 2.41%, YTD

 (Reporting by Dominic Roshan K.L. in Bengaluru)
 ((Dominic.RoshanKL@thomsonreuters.com;))