MasterCraft Boat Sees Q3 Revenue Of $92M Vs. $102.5M Est. And Adj. EPS Of $0.23 Vs. $0.43 Est.
Portfolio Pulse from Benzinga Newsdesk
MasterCraft Boat Holdings, Inc. (MCFT) anticipates Q3 revenue of $92M, falling short of the estimated $102.5M. Adjusted EPS is expected to be $0.23, below the $0.43 estimate. The company also forecasts an Adjusted EBITDA of approximately $7 million for the third quarter of fiscal 2024.
February 07, 2024 | 12:45 pm
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MasterCraft Boat Holdings, Inc. (MCFT) expects lower-than-anticipated Q3 revenue and adjusted EPS, with figures of $92M and $0.23 respectively, against estimates of $102.5M and $0.43.
The anticipated shortfall in both revenue and adjusted EPS compared to analyst estimates is likely to negatively impact investor sentiment and the stock price of MCFT in the short term. Lower-than-expected financial performance, especially when it falls significantly below market expectations, typically leads to a decrease in stock price as investors adjust their valuations based on the new information.
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