MarineMax (HZO) Reports Q4: Everything You Need To Know Ahead Of Earnings
Boat and marine products retailer MarineMax (NYSE:HZO) will be announcing earnings results tomorrow before market open. Here's what you need to know.
Last quarter MarineMax reported revenues of $721.8 million, up 4.84% year on year, beating analyst revenue expectations by 7.42%. It was a decent quarter for the company, with an impressive beat of analysts' revenue and EPS estimates.
Is MarineMax buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting MarineMax's revenue to decline 0.76% year on year to $532.7 million, a further deceleration on the 16.1% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.71 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at MarineMax's peers in the automotive and marine retail segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. AutoZone delivered top-line growth of 6.4% year on year, beating analyst estimates by 1.46% and Genuine Parts reported revenues up 2.63% year on year, missing analyst estimates by 1.5%. AutoZone traded up 2.24% on the results, Genuine Parts was down 3.3%.
Read our full analysis of AutoZone's results here and Genuine Parts's results here.
Investors in the automotive and marine retail segment have had steady hands going into the earnings, with the stocks up on average 0.92% over the last month. MarineMax is down 6.86% during the same time, and is heading into the earnings with analyst price target of $41.7, compared to share price of $29.5.
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The author has no position in any of the stocks mentioned.
