MarineMax (HZO) Tops Q2 EPS by 95c

MarineMax (NYSE: HZO) reported Q2 EPS of $1.69, $0.95 better than the analyst estimate of $0.74. Revenue for the quarter came in at $523.1 million versus the consensus estimate of $445 million.

GUIDANCE:

MarineMax sees FY2021 EPS of $5.50-$5.65, versus the consensus of $4.35.

• Based on current business conditions, retail trends and other factors, the Company is raising its fiscal year 2021 guidance for earnings per diluted share to the range of $5.50 to $5.65, which is increased from its previously provided guidance of $4.00 to $4.20 per diluted share. This compares to a non-GAAP adjusted, but fully taxed, earnings per diluted share of $3.42 in fiscal 2020. (Please see the Company’s fiscal 2020 earnings release dated October 28, 2020 for a reconciliation of this non-GAAP figure to the applicable GAAP figure) These expectations do not consider, or give effect for, material acquisitions that may be completed by the Company during fiscal 2021 or other unforeseen events, including changes in global economic conditions.

For earnings history and earnings-related data on MarineMax (HZO) click here.

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