MasterCraft Boat Holdings Posts Upbeat Results, Guides Below-Consensus
- August 30th, 2023
- 347 views
MasterCraft Boat Holdings, Inc. (Nasdaq: MCFT), a leading manufacturer of recreational boats, reported better-than-expected adjusted earnings of $1.37 per share for the fourth quarter of fiscal 2023, surpassing the consensus EPS estimate of $1.07. The company's quarterly sales amounted to $166.57 million, slightly ahead of analysts' projected revenue of $162.08 million.
However, for the full fiscal year 2024, MasterCraft Boat anticipates adjusted EPS to range between $1.46 and $1.88, which is considerably lower than the consensus estimate of $3.94. Additionally, the company's outlook for the first quarter of fiscal 2024 reveals an expected adjusted EPS of approximately $0.41, while analysts were forecasting an EPS of $0.95 for the period.
In pre-market, $MCFT was trading at $19.97, down $4.99 (-19.99%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Honeywell, Intel, and Dover Earnings Preview: What to Expect
July 20th, 2025All Eyes on Tesla, ServiceNow, and GE Vernova Ahead of Earnings
July 20th, 2025RTX, Texas Instruments, and Northrop Grumman Earnings in Focus
July 20th, 2025
Member Login