MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) is reporting fourth quarter financial results on Wednesday 9th September 2020, before market open.
According to analysts surveyed by Thomson Reuters, MCFT is expected to report 4Q20 loss of $ 0.26 per share from revenue of $ 36.82 million.
For the full year, analysts anticipate top line of $ 348.81 million, while looking forward to income of $ 1.16 per share bottom line.
Previous Quarter Performance
MasterCraft Boat Holdings, Inc. announced income for the third quarter of $ 0.46 per share, from the revenue of $ 102.56 million. The quarterly earnings 41.03 percent compared with the same quarter last year. Street analysts expected MasterCraft Boat Holdings, Inc. to report income of $ 0.50 per share on revenue of $ 104.38 million for the third quarter. The bottom line results missed street analysts by $ 0.04 or 8 percent, at the same time, top line results fell short of analysts by $ 1.82 million or 1.74 percent.
Stock Performance
Shares of MasterCraft Boat Holdings, Inc. traded up $ 1.41 or 6.70 percent on Tuesday, reaching $ 22.46 with volume of 476.60 thousand shares. MasterCraft Boat Holdings, Inc. has traded high as $ 23.19 and has cracked $ 20.47 on the downward trend
According to the previous trading day, closing price of $ 22.46, representing a 329.59 % increase from the 52 week low of $ 4.90 and a 10.54 % decrease over the 52 week high of $ 23.53.
The company has a market capital of $ 423.87 million and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Recent Analyst recommendations
- On 21st July 2020, maintained by Raymond James at Outperform rating, with $ 22.00 target price.
Conference Call
MasterCraft Boat Holdings, Inc. will be hosting a conference call at 8:30 AM eastern time on 9th September 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mastercraft.com
MasterCraft Boat Holdings, Inc., through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.
