Earnings Outlook For MarineMax
Portfolio Pulse from Benzinga Insights
MarineMax (NYSE:HZO) is scheduled to release its quarterly earnings report on Thursday, 2024-01-25. Analysts predict an EPS of $0.50. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, MarineMax's stock price has been affected more by guidance than by earnings beats or misses. Last quarter, the company missed EPS estimates by $0.06, resulting in a 1.33% stock price increase the following day. Over the last year, HZO shares have risen by 9.35%, with the stock trading at $34.04 as of January 23.
January 24, 2024 | 8:02 pm
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MarineMax is expected to report an EPS of $0.50 for the latest quarter. Positive guidance could boost the stock, while a miss, like last quarter's $0.06 below estimates, may not necessarily hurt it.
Given the historical performance where guidance has had a more significant impact on the stock price than actual earnings results, a positive forecast could lead to an increase in HZO's stock price. The stock has shown resilience even after missing EPS estimates last quarter, suggesting that investors may be optimistic about the company's future performance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100