MarineMax Q1 Adj. EPS $0.19 Misses $0.50 Estimate, Sales $527.30M Beat $521.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarineMax (NYSE:HZO) reported Q1 adjusted EPS of $0.19, missing the $0.50 estimate by 62%, and a significant decrease from $1.24 per share last year. However, sales of $527.30M exceeded estimates by 1.15% and grew 3.81% from the previous year.
January 25, 2024 | 11:46 am
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NEGATIVE IMPACT
MarineMax reported a significant earnings miss but a slight sales beat for Q1. EPS was down 84.68% YOY, while sales increased by 3.81%.
The substantial miss in EPS is likely to overshadow the slight beat in sales, leading to negative investor sentiment in the short term. The year-over-year decrease in EPS is significant and could be a cause for concern about the company's profitability and cost management.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100