MasterCraft Boat Holdings Posts Upbeat Results, Guides Below-Consensus
- August 30th, 2023
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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%).
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