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MasterCraft Boat Holdings, Inc. (MCFT) Reports Q3 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2-min read

For the quarter ended March 2024, MasterCraft Boat Holdings, Inc. (MCFT) reported revenue of $95.71 million, down 42.6% over the same period last year. EPS came in at $0.37, compared to $1.36 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $92.32 million, representing a surprise of +3.67%. The company delivered an EPS surprise of +60.87%, with the consensus EPS estimate being $0.23.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how MasterCraft Boat Holdings, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net sales- Crest: $14.19 million versus the two-analyst average estimate of $14.25 million. The reported number represents a year-over-year change of -61%.

  • Net sales- Aviara: $11.73 million versus the two-analyst average estimate of $15.45 million. The reported number represents a year-over-year change of -8.2%.

  • Net sales- MasterCraft: $69.78 million versus $67.10 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -40.7% change.

View all Key Company Metrics for MasterCraft Boat Holdings, Inc. here>>>

Shares of MasterCraft Boat Holdings, Inc. have returned -12% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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MASTERCRAFT BOAT HOLDINGS, INC. (MCFT) : Free Stock Analysis Report

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Zacks Investment Research