Mastercraft Boat Holdings Inc reports results for the quarter ended in March - Earnings Summary

• Mastercraft Boat Holdings Inc MCFT reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $1.36. The mean expectation of seven analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 21 cents to 25 cents per share.

• Revenue fell 42.6% to $95.71 million from a year ago; analysts expected $92.82 million.

• Mastercraft Boat Holdings Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $3.76 million.

• Mastercraft Boat Holdings Inc shares had fallen by 15.3% this quarter and lost 11.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the recreational products peer group is also "buy"

Wall Street's median 12-month price target for Mastercraft Boat Holdings Inc is $23.00

This summary was machine generated from LSEG data May 8 at 02:21 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)