MarineMax Q4 Adj EPS $0.69 Misses $0.75 Estimate, Sales $594.60M Beat $532.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarineMax (NYSE:HZO) reported Q4 adjusted earnings of $0.69 per share, missing the analyst consensus estimate of $0.75 by 8 percent. This is a 65.33 percent decrease from the same period last year. However, the company's quarterly sales of $594.60 million beat the analyst consensus estimate of $532.70 million by 11.62 percent, marking a 10.77 percent increase from the previous year.
October 26, 2023 | 10:48 am
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MarineMax's Q4 earnings missed estimates but sales exceeded expectations. The company's earnings per share decreased by 65.33% YoY, while sales increased by 10.77% YoY.
MarineMax's lower-than-expected earnings could negatively impact the company's stock price in the short term. However, the higher-than-expected sales might mitigate some of this negative impact.
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