MarineMax Q3 Adj $1.51 Beats $1.40 Estimate, Sales $757.72M Beat $725.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
MarineMax (NYSE:HZO) reported Q3 earnings of $1.51 per share, beating the analyst estimate of $1.40. Sales were $757.72 million, surpassing the $725.82 million estimate. Despite the beats, earnings decreased by 27.05% year-over-year.
July 25, 2024 | 10:46 am
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MarineMax reported Q3 earnings of $1.51 per share, beating the $1.40 estimate. Sales were $757.72 million, above the $725.82 million estimate. However, earnings decreased by 27.05% year-over-year.
MarineMax's earnings and sales both beat analyst estimates, which is positive news. However, the significant year-over-year decrease in earnings may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100