Mastercraft Boat Holdings Inc reports results for the quarter ended in March - Earnings Summary

Mastercraft Boat Holdings

08/05/2024 15:22

* Mastercraft Boat Holdings Inc  MCFT.OQ  reported quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of $1.36.  The mean expectation of
seven analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 21 cents to 25
cents per share.
    * Revenue fell 42.6% to $95.71 million from a year ago;
analysts
expected $92.82 million. 
    * Mastercraft Boat Holdings Inc's reported EPS for the
quarter was
22 cents​.
    * The company reported quarterly net income of $3.76
million.
    * Mastercraft Boat Holdings Inc shares had fallen by 15.3%
this
quarter and lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13%
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 3 "strong buy" or "buy," 4
"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 Mastercraft Boat
Holdings Inc is $23.00 
This summary was machine generated from LSEG data May 8 at 02:21
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      0.23           0.37           Beat
 Dec. 31 2023      0.23           0.37           Beat
 Sep. 30 2023      0.40           0.47           Beat
 Jun. 30 2023      1.07           1.37           Beat