Malibu Boats, Inc. (NASDAQ:MBUU) is set to announce first quarter earning results on Friday 6th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MBUU to report 1Q21 income of $ 0.87 per share.
For the full year, analysts anticipate top line of $ 793.01 million, while looking forward to income of $ 4.41 per share bottom line.
Previous Quarter Performance
Malibu Boats, Inc. unfold income for the fourth quarter of $ 0.40 per share, from the revenue of $ 118.66 million. The quarterly earnings fell 62.96 percent while revenues decreased 39.09 percent compared with the same quarter last year.
Street analysts expected Malibu Boats, Inc. to report income of $ 0.12 per share on revenue of $ 101.32 million for the fourth quarter. The bottom line results beat street analysts by $ 0.28 or 233.33 percent, at the same time, top line results outshined analysts by $ 17.34 million or 17.11 percent.
Stock Performance
Shares of Malibu Boats, Inc. traded up $ 4.56 or 8.33 percent on Thursday, reaching $ 59.32 with volume of 239.10 thousand shares. Malibu Boats, Inc. has traded high as $ 59.51 and has cracked $ 55.15 on the downward trend
According to the previous trading day, closing price of $ 59.32, representing a 203.88 % increase from the 52 week low of $ 18.02 and a 14.28 % decrease over the 52 week high of $ 63.88.
The company has a market capital of $ 1.22 billion and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Recent Analyst recommendations
- On 22nd September 2020, upgraded by Robert W. Baird to Outperform from Neutral rating.
Conference Call
Malibu Boats, Inc. will be hosting a conference call at 8:30 AM eastern time on 6th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.malibuboats.com
Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name.
