Factors Likely To Shape Malibu Boats' (MBUU) Earnings In Q4
Zacks Investment Research | Aug 27, 2019 11:02PM ET
Malibu Boats, Inc. (NASDAQ:MBUU) is scheduled to report fourth-quarter fiscal 2019 results on Aug 29, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 9.5%.
Q4 Expectations
The Zacks Consensus Estimate for fiscal fourth-quarter earnings is pegged at 95 cents. In the year-ago quarter, the company reported earnings of 75 cents per share. Of late, Malibu Boats’ earnings estimates have remained stable.
For quarterly revenues, the consensus mark is pinned at nearly $185.5 million, implying a 33.8% improvement from the prior-year quarter reported figure.
Let’s see how things are shaping up prior to the announcement of fourth-quarter fiscal 2019 results.
Factors at Play
Malibu Boats’ top line in the quarter to be reported is likely to driven by robust performance of the Pursuit, Cobalt and U.S. segments. The Zacks Consensus Estimate for revenues from the Cobalt and U.S. segments are likely to move 7.4% and 7.6% north, respectively. Notably, the company’s Model Year 2019 products and innovations are likely to be a major growth driver.
However, unfavorable seasonality might hurt the company’s business and, in turn, affect sales. Meanwhile, macroeconomic headwinds, given the company’s considerable international presence along with higher expenses, might dent the quarter’s profitability.
Malibu Boats, Inc. Price, Consensus and EPS Surprise
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