Malibu Boats Q3 2024 Adj EPS $0.63 Beats $0.47 Estimate, Sales $203.419M Miss $206.509M Estimate
Portfolio Pulse from Benzinga Newsdesk
Malibu Boats (MBUU) reported Q3 2024 adjusted EPS of $0.63, surpassing the $0.47 estimate, but its sales of $203.419M fell short of the $206.509M forecast, marking a 45.77% decrease from the previous year.
May 02, 2024 | 11:02 am
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Malibu Boats reported higher-than-expected Q3 2024 EPS but missed sales estimates, with a significant year-over-year decrease.
The positive earnings surprise could support the stock price due to better-than-expected profitability. However, the miss on sales forecasts and the significant decrease in sales compared to the previous year could raise concerns about growth and demand, potentially offsetting the positive impact of the earnings beat.
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