Stock Analysis

Malibu Boats Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

May 03, 2024

Malibu Boats (NASDAQ:MBUU) Third Quarter 2024 Results

Key Financial Results

Revenue: US$203.4m (down 46% from 3Q 2023).
Net loss: US$66.8m (down by 229% from US$51.9m profit in 3Q 2023).
US$3.28 loss per share (down from US$2.53 profit in 3Q 2023).

earnings-and-revenue-growth — NasdaqGM:MBUU Earnings and Revenue Growth May 3rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Malibu Boats Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 6.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Malibu Boats' balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.