Stock Story -
Boat and marine products retailer MarineMax (NYSE:HZO) will be reporting results tomorrow before the bell. Here's what to look for.
MarineMax missed analysts' revenue expectations by 1.2% last quarter, reporting revenues of $582.9 million, up 2.2% year on year. It was a weak quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts' earnings estimates.
Is MarineMax a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting MarineMax's revenue to be flat year on year at $724.7 million, slowing from the 4.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.
The majority of analysts covering the company have 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 five 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 (NYSE:KMX)'s revenues decreased 7.5% year on year, meeting analysts' expectations, and Genuine Parts reported flat revenue, falling short of estimates by 1.2%. CarMax traded up 2.5% following the results.
Read the full analysis of CarMax's and Genuine Parts's results on StockStory.
Investors in the automotive and marine retail segment have had steady hands going into earnings, with share prices flat over the last month. MarineMax's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $33.1 (compared to the current share price of $32.84).
