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MarineMax (HZO) Gains As Market Dips: What You Should Know

Zacks Equity Research
·3 min read

In the latest trading session, MarineMax (HZO) closed at $44.65, marking a +0.9% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 1.5%, and the Nasdaq, a tech-heavy index, added 0.56%.

Coming into today, shares of the recreational boat dealer had gained 2.74% in the past month. In that same time, the Retail-Wholesale sector lost 5.28%, while the S&P 500 lost 0.53%.

Investors will be hoping for strength from HZO as it approaches its next earnings release. In that report, analysts expect HZO to post earnings of $0.69 per share. This would mark year-over-year growth of 200%. Our most recent consensus estimate is calling for quarterly revenue of $441 million, up 42.96% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $4.32 per share and revenue of $1.9 billion, which would represent changes of +26.32% and +25.53%, respectively, from the prior year.

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Investors should also note any recent changes to analyst estimates for HZO. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10.44% higher within the past month. HZO is currently sporting a Zacks Rank of #2 (Buy).

Digging into valuation, HZO currently has a Forward P/E ratio of 10.24. For comparison, its industry has an average Forward P/E of 13.89, which means HZO is trading at a discount to the group.

The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 30% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow HZO in the coming trading sessions, be sure to utilize Zacks.com.


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Zacks Investment Research