Sport boat manufacturer MasterCraft (NASDAQ: MCFT) will be announcing earnings results this Thursday morning. Here’s what you need to know.
MasterCraft beat analysts’ revenue expectations by 13.5% last quarter, reporting revenues of $79.52 million, up 46.4% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and revenue guidance for next quarter missing analysts’ expectations significantly. It reported 570 boats sold, up 10% year on year.
Is MasterCraft a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting MasterCraft’s revenue to grow 2.5% year on year to $67 million, a reversal from the 30.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MasterCraft has missed Wall Street’s revenue estimates four times over the last two years.
Looking at MasterCraft’s peers in the leisure products segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Harley-Davidson delivered year-on-year revenue growth of 16.5%, beating analysts’ expectations by 2.8%, and Malibu Boats reported revenues up 13.5%, topping estimates by 4.3%. Malibu Boats traded down 14.6% following the results.
Read our full analysis of Harley-Davidson’s results here and Malibu Boats’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the leisure products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. MasterCraft is down 2.7% during the same time and is heading into earnings with an average analyst price target of $23.25 (compared to the current share price of $20.26).
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