Malibu Boats Inc reports results for the quarter ended September 30 - Earnings Summary

• Malibu Boats Inc reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 16 cents to 25 cents per share.

• Revenue rose 29.9% to $252.94 million from a year ago; analysts expected $257.34 million.

• Malibu Boats Inc's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $6 million.

• Malibu Boats Inc shares had risen by 8.0% this quarter and lost 12.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "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 Malibu Boats Inc is $31.00, about 20.2% above its last closing price of $24.75

This summary was machine generated from LSEG data November 5 at 06:41 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)