MarineMax (HZO) Q1 Earnings Report Preview: What To Look For

StockStory
23 Apr
MarineMax (HZO) Q1 Earnings Report Preview: What To Look For

Boat and marine products retailer MarineMax (NYSE:HZO) will be reporting earnings tomorrow before market open. Here’s what to look for.

MarineMax missed analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $468.5 million, down 11.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ gross margin estimates.

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

This quarter, analysts are expecting MarineMax’s revenue to be flat year on year at $582.4 million, slowing from the 2.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.

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, some have already reported their Q1 results, giving us a hint as to what we can expect. Lithia delivered year-on-year revenue growth of 7.2%, missing analysts’ expectations by 2.1%, and CarMax reported revenues up 6.7%, in line with consensus estimates. CarMax traded down 14.7% following the results.

Read our full analysis of Lithia’s results here and CarMax’s results here.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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