MarineMax Q2 2024 Adj EPS $0.18 Misses $0.66 Estimate, Sales $582.900M Miss $590.189M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarineMax (NYSE:HZO) reported Q2 2024 adjusted EPS of $0.18, missing the $0.66 estimate, with sales of $582.9M also missing the $590.189M estimate. This represents a 2.20% increase in sales compared to the same period last year.
April 25, 2024 | 10:46 am
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MarineMax reported a significant miss in Q2 2024 earnings and sales, with adjusted EPS at $0.18 against a $0.66 estimate and sales of $582.9M missing the $590.189M forecast.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and could lead to a short-term decrease in MarineMax's stock price. The miss in EPS by 72.73% and sales by 1.23%, despite a year-over-year sales increase, indicates underperformance that could concern investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100