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Boat and marine products retailer MarineMax (NYSE:HZO) will be reporting results this Thursday before the bell. Here’s what investors should know.
MarineMax missed analysts’ revenue expectations last quarter, reporting revenues of $527.4 million, down 16.5% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates.
Is MarineMax a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting MarineMax’s revenue to grow 4.3% year on year, a reversal from the 13.3% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. MarineMax has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at MarineMax’s peers in the automotive and marine retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. CarMax delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 8.2%, and Genuine Parts reported revenues up 6%, topping estimates by 1.6%. CarMax’s stock price was unchanged following the results.
Read our full analysis of CarMax’s results here and Genuine Parts’s results here.
Investors in the automotive and marine retail segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. MarineMax is down 4.6% during the same time and is heading into earnings with an average analyst price target of $36.86 (compared to the current share price of $33.23).
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