MarineMax Inc is a leading retailer of premium recreational boats and yacht services, providing a diverse range of boats including motorboats, sailboats, and yachts
The company operates through a network of retail locations across the United States, offering customers a comprehensive selection of marine-related products and services. MarineMax not only focuses on sales but also provides after-sales services such as maintenance, financing, and insurance, catering to the needs of boating enthusiasts. With a commitment to fostering a recreational boating lifestyle, MarineMax engages in various community and waterway conservation initiatives while promoting the joys of boating and water sports.
Shares of boat and marine products retailer MarineMax (NYSEHZO)
jumped 18% in the afternoon session after the company reported strong fourth-quarter results, which blew past analysts' EBITDA and EPS expectations.
Boat and marine products retailer MarineMax (NYSEHZO) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 11.2% year on year to $468.5 million. Its non-GAAP profit of $0.17 per share was significantly above analysts’ consensus estimates.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at MarineMax (NYSEHZO) and its peers.
MarineMax trades at $31.13 per share and has stayed right on track with the overall market, gaining 13.6% over the last six months. At the same time, the S&P 500 has returned 13%.
Boat and marine products retailer MarineMax (NYSEHZO) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 5.3% year on year to $563.1 million. Its non-GAAP profit of $0.24 per share was also 15.7% below analysts’ consensus estimates.
