MarineMax Lowers FY23 Adjusted Earnings Guidance to $5.10-$5.50 Per Share, Compared With Prior View Of $4.90-$5.50 Per Share, Vs Consensus Of $5.17
Portfolio Pulse from Benzinga Newsdesk
MarineMax (NYSE:HZO) has lowered its FY23 adjusted earnings guidance to $5.10-$5.50 per share, compared with its prior view of $4.90-$5.50 per share. The company also narrowed its FY23 guidance for Adjusted EBITDA to a range of $225 million to $245 million, compared with a prior range of $220 million to $245 million.
July 27, 2023 | 10:52 am
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MarineMax has lowered its FY23 earnings guidance, which could potentially impact investor sentiment and the company's stock price.
MarineMax's decision to lower its FY23 earnings guidance could be interpreted by investors as a sign of potential financial instability or lower-than-expected performance, which could negatively impact the company's stock price in the short term.
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