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

Reuters
01 Nov 2024

* MarineMax Inc 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

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