Malibu Boats (MBUU) Q1 Earnings Report Preview: What To Look For

Recreational boats manufacturer Malibu Boats (NASDAQ:MBUU) will be reporting results this Thursday after the bell. Here’s what to look for.

Malibu Boats beat analysts’ revenue expectations last quarter, reporting revenues of $188.6 million, down 5.8% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.

Is Malibu Boats a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Malibu Boats’s revenue to decline 6.6% year on year, a reversal from the 12.4% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Malibu Boats rarely misses Wall Street’s revenue estimates.

Looking at Malibu Boats’s peers in the consumer discretionary - leisure products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Latham delivered year-on-year revenue growth of 5.3%, missing analysts’ expectations by 1.6%, and Brunswick reported revenues up 12.8%, topping estimates by 4.1%. Brunswick’s stock price was unchanged following the results.

Read our full analysis of Latham’s results here and Brunswick’s results here.

There has been positive sentiment among investors in the consumer discretionary - leisure products segment, with share prices up 6% on average over the last month. Malibu Boats is up 3.1% during the same time and is heading into earnings with an average analyst price target of $34.89 (compared to the current share price of $25.03).

ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.

AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.