Malibu Boats Q1 Adjusted EPS $1.13 Beats $0.88 Estimate, Sales $255.83M Beat $244.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Malibu Boats (NASDAQ:MBUU) reported Q1 adjusted earnings of $1.13 per share, beating the analyst consensus estimate of $0.88 by 28.41%. However, this is a 36.87% decrease from the same period last year. The company also reported quarterly sales of $255.83 million, surpassing the analyst consensus estimate of $244.13 million by 4.79%, but this is a 15.35% decrease from the same period last year.
October 31, 2023 | 11:03 am
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Malibu Boats reported better than expected Q1 earnings and sales, but both figures are down from the same period last year.
While Malibu Boats beat analyst estimates for Q1 earnings and sales, the decrease from the same period last year could potentially concern investors. This mixed result makes the short term impact on the stock price uncertain.
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