Reflecting Planned Decrease In Production, MasterCraft Boat Cuts FY24 Outlook For Consolidated Net Sales From $400M-$412M To $360M-$365M (Est $405.592M), Adjusted EPS From $1.53 - $1.78 To $0.95 - $1.05 (Est $1.60)
Portfolio Pulse from Benzinga Newsdesk
MasterCraft Boat Holdings, Inc. has revised its FY24 financial outlook downwards due to a planned decrease in production. The company now expects consolidated net sales to range between $360M-$365M, down from the previously forecasted $400M-$412M. Additionally, the adjusted EPS forecast has been lowered from $1.53 - $1.78 to $0.95 - $1.05, against an analyst estimate of $1.60.
May 08, 2024 | 11:36 am
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MasterCraft Boat Holdings, Inc. has significantly lowered its FY24 financial forecasts, indicating a planned reduction in production levels.
The substantial downward revision in both net sales and adjusted EPS forecasts for FY24 by MasterCraft Boat Holdings, Inc. is a clear indicator of expected operational challenges and reduced financial performance. This planned decrease in production could signal to investors concerns about demand, operational efficiency, or market conditions, likely leading to negative investor sentiment and a potential decrease in stock price in the short term.
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