Malibu Boats, Inc. (MBUU - Free Report) is scheduled to report first-quarter fiscal 2019 results on Nov 6, before the market opens.
The company’s operational excellence, solid product development, and efficient sales and marketing led it to witness revenue and earnings growth in the fourth quarter of fiscal 2018. The trend is likely to have continued in the first quarter of fiscal 2019 as well, driven by strong performance at Malibu and Cobalt.
Given a diversified product portfolio and competitive advantage, shares of Malibu Boats have gained 30.6% in the past year, outperforming the industry’s rally of 1.6%.
Let’s see how the company’s top and bottom line would look like in the fiscal first quarter.
Top Line to Gain
Malibu Boats has been gaining from strong channel inventories and innovation in product lines. Backed by a favorable U.S. economy, the company witnessed 84.6% year-over-year sales growth in the fiscal fourth quarter. We believe that continual product launch, and strength in bookings and orders are likely to have bolstered the top line in the fiscal first quarter as well.
Subsequently, the Zacks Consensus Estimate for revenues in the fiscal first quarter is pegged at $114.1 million, reflecting 10.2% growth from the year-ago quarter.
How Will the Bottom Line Fare
In the fiscal fourth quarter, Malibu Boats saw 76.7% year-over-year growth in adjusted earnings. We believe that the company’s sales-building initiatives, coupled with margin enhancement efforts, are likely to more than offset inflationary cost pressures and boost earnings in the to-be-reported quarter as well.
The company has been combating increased costs through vertical integration and operating efficiencies, which are likely to have aided bottom-line growth in the fiscal first quarter. Consequently, the consensus estimate pegs first-quarter earnings at 55 cents, suggesting 31% growth from the year-ago quarter.
What the Zacks Model Unveils
Our proven model shows that Malibu Boats is not likely to beat earnings estimates this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
SeaWorld has an Earnings ESP of 0.00% and a Zacks Rank #1, which doesn’t increase the likelihood of a beat.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are some stocks from the Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat in the to-be-reported quarter:
SeaWorld has an Earnings ESP of +7.75% and a Zacks Rank #1. The company is scheduled to report quarterly numbers on Nov 5.
Activision Blizzard has an Earnings ESP of +1.75% and a Zacks Rank #3. The company is slated to report quarterly numbers on Nov 8.
Discovery Communications currently has a Zacks Rank #3 and an Earnings ESP of +11.90%. The company is scheduled to report quarterly numbers on Nov 8.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Malibu Boats, Inc. (MBUU - Free Report) is scheduled to report first-quarter fiscal 2019 results on Nov 6, before the market opens.
The company’s operational excellence, solid product development, and efficient sales and marketing led it to witness revenue and earnings growth in the fourth quarter of fiscal 2018. The trend is likely to have continued in the first quarter of fiscal 2019 as well, driven by strong performance at Malibu and Cobalt.
Given a diversified product portfolio and competitive advantage, shares of Malibu Boats have gained 30.6% in the past year, outperforming the industry’s rally of 1.6%.
Let’s see how the company’s top and bottom line would look like in the fiscal first quarter.
Top Line to Gain
Malibu Boats has been gaining from strong channel inventories and innovation in product lines. Backed by a favorable U.S. economy, the company witnessed 84.6% year-over-year sales growth in the fiscal fourth quarter. We believe that continual product launch, and strength in bookings and orders are likely to have bolstered the top line in the fiscal first quarter as well.
Subsequently, the Zacks Consensus Estimate for revenues in the fiscal first quarter is pegged at $114.1 million, reflecting 10.2% growth from the year-ago quarter.
How Will the Bottom Line Fare
In the fiscal fourth quarter, Malibu Boats saw 76.7% year-over-year growth in adjusted earnings. We believe that the company’s sales-building initiatives, coupled with margin enhancement efforts, are likely to more than offset inflationary cost pressures and boost earnings in the to-be-reported quarter as well.
The company has been combating increased costs through vertical integration and operating efficiencies, which are likely to have aided bottom-line growth in the fiscal first quarter. Consequently, the consensus estimate pegs first-quarter earnings at 55 cents, suggesting 31% growth from the year-ago quarter.
What the Zacks Model Unveils
Our proven model shows that Malibu Boats is not likely to beat earnings estimates this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
SeaWorld has an Earnings ESP of 0.00% and a Zacks Rank #1, which doesn’t increase the likelihood of a beat.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are some stocks from the Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat in the to-be-reported quarter:
SeaWorld has an Earnings ESP of +7.75% and a Zacks Rank #1. The company is scheduled to report quarterly numbers on Nov 5.
Activision Blizzard has an Earnings ESP of +1.75% and a Zacks Rank #3. The company is slated to report quarterly numbers on Nov 8.
Discovery Communications currently has a Zacks Rank #3 and an Earnings ESP of +11.90%. The company is scheduled to report quarterly numbers on Nov 8.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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