MarineMax (HZO) Tops Q2 EPS by 3c

MarineMax (NYSE: HZO) reported Q2 EPS of $0.10, $0.03 better than the analyst estimate of $0.07. Revenue for the quarter came in at $200 million versus the consensus estimate of $191.45 million.

Same-store sales grew more than 12% on top of 35% growth for the comparable period last year. The Company’s pretax earnings were $5.4 million compared with $604,000 for the same period a year ago. Net income for the six months ended March 31, 2016 was $3.3 million or $0.13 per diluted share, compared to net income of $604,000, or $0.02 per diluted share for the comparable period last year. In the same period last year, the Company was not required to provide an income tax provision.

GUIDANCE:

MarineMax sees FY2016 EPS of $0.68-$0.75, versus the consensus of $0.76.

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

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