MarineMax Q3 Adj. EPS $2.07 Beats $1.84 Estimate, Sales $721.84M Beat $665.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarineMax (NYSE:HZO) reported Q3 adjusted earnings of $2.07 per share, beating the analyst consensus estimate of $1.84 by 12.5%. However, this is a 34.7% decrease from the same period last year. The company also reported quarterly sales of $721.84 million, beating the analyst consensus estimate of $665.11 million by 8.53%, and marking a 4.84% increase from the same period last year.
July 27, 2023 | 10:47 am
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MarineMax reported better than expected Q3 earnings and sales, but saw a significant YoY decrease in earnings. This mixed result could lead to uncertain market reactions.
While MarineMax beat Q3 estimates, the YoY decrease in earnings could be a concern for investors. This mixed result may lead to a neutral or uncertain market reaction in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100