Boat and marine products retailer MarineMax (NYSE:HZO) will be reporting earnings tomorrow morning. Here’s what to expect.
MarineMax missed analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $563.1 million, down 5.3% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a miss of analysts’ EPS estimates.
Is MarineMax a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting MarineMax’s revenue to decline 8% year on year to $485.2 million, a reversal from the 3.8% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MarineMax has missed Wall Street’s revenue estimates five times over the last two years.
Looking at MarineMax’s peers in the automotive and marine retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. CarMax delivered year-on-year revenue growth of 1.2%, beating analysts’ expectations by 2.9%, and AutoZone reported revenues up 2.1%, falling short of estimates by 0.6%. CarMax traded up 3.6% following the results while AutoZone’s stock price was unchanged.
Read our full analysis of CarMax’s results here and AutoZone’s results here.
Investors in the automotive and marine retail segment have had steady hands going into earnings, with share prices flat over the last month. MarineMax’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $38.88 (compared to the current share price of $28.41).
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