MasterCraft Boat Holdings, Inc. - Common Stock (MCFT)
18.38
-0.29 (-1.53%)
Mastercraft Boat Holdings Inc is a renowned manufacturer of premium recreational boats, specializing in high-performance motorized vessels designed for activities such as wakeboarding, waterskiing, and general boating
The company focuses on delivering innovative designs and advanced technology in its boats, catering to enthusiasts and professionals alike. With a commitment to quality craftsmanship and customer satisfaction, Mastercraft has established a strong brand presence in the boating industry, appealing to a diverse customer base seeking luxury and performance on the water.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the leisure products industry, including Ruger (NYSERGR) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how leisure products stocks fared in Q3, starting with MasterCraft (NASDAQMCFT).
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at leisure products stocks, starting with Malibu Boats (NASDAQMBUU).
Recreational products manufacturer American Outdoor Brands (NASDAQAOUT)
will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Since May 2024, MasterCraft has been in a holding pattern, posting a small loss of 1.3% while floating around $20.97. The stock also fell short of the S&P 500’s 13.4% gain during that period.
Sport boat manufacturer MasterCraft (NASDAQMCFT) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 37.3% year on year to $65.36 million. Revenue guidance for the full year exceeded analysts’ estimates, but next quarter’s guidance of $60 million was less impressive, coming in 1.1% below expectations. Its non-GAAP profit of $0.12 per share was also 320% above analysts’ consensus estimates.
Companies Reporting Before The Bell • Madison Square Garden (NYSEMSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million.
MasterCraft Boat Holdings, Inc. shares have tumbled 37% in the last year, including a 16% YTD drop. MasterCraft Boat is suffering from slowing demand and other setbacks after a booming post-Covid stretch.
MasterCraft Boat Holdings appoints Brad Nelson as new CEO and Board member, succeeding retiring CEO Fred Brightbill. The company reaffirms FY24 and Q3 guidance.
