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MarineMax (HZO) Reports Earnings Tomorrow: What To Expect

HZO Cover Image

Boat and marine products retailer MarineMax (NYSE: HZO) will be reporting results this Thursday before market hours. Here’s what investors should know.

MarineMax beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $552.2 million, down 1.9% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but full-year EBITDA guidance missing analysts’ expectations significantly.

Is MarineMax a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting MarineMax’s revenue to grow 3.1% year on year to $482.8 million, a reversal from the 11.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.

MarineMax Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MarineMax has missed Wall Street’s revenue estimates four times over the last two years.

Looking at MarineMax’s peers in the automotive and marine retail segment, only CarMax has reported results so far. It beat analysts’ revenue estimates by 3.3%, posting year-on-year sales declines of 6.9%. The stock was down 6.3% on the results.

Read our full analysis of CarMax’s earnings results here.

There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 4% on average over the last month. MarineMax is up 13.1% during the same time and is heading into earnings with an average analyst price target of $30.71 (compared to the current share price of $27.55).

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