What Happened?
Shares of boat and marine products retailer MarineMax (NYSE: HZO) fell 5.4% in the morning session after the company issued a weak financial outlook for the 2026 financial year that overshadowed its third-quarter earnings beat.
Although the boat and marine products retailer reported a smaller-than-expected loss and revenue that topped Wall Street's expectations for its third quarter, investors focused on the future. The company projected its adjusted earnings for the 2026 financial year to be between $0.40 and $0.95 per share. This forecast fell significantly short of what analysts had anticipated, with the midpoint of its guidance missing the consensus estimate by more than 64%. MarineMax also provided a disappointing outlook for its earnings before interest, taxes, depreciation, and amortization (EBITDA), which also fell short of analysts' projections.
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What Is The Market Telling Us
MarineMax’s shares are very volatile and have had 29 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 10 months ago when the stock gained 18% on the news that the company reported strong fourth-quarter results, which blew past analysts' EBITDA and EPS expectations. On the other hand, its revenue missed due to lower-than-expected same-store sales. Its full-year EBITDA guidance also fell short of Wall Street's estimates. Management blamed some of the weakness on soft retail demand, which persisted throughout the year, and the disruptive effects of Hurricanes Helene and Milton. Overall, this quarter was mixed, with the positives seemingly buoying shares.
MarineMax is down 21.7% since the beginning of the year, and at $21.95 per share, it is trading 36.1% below its 52-week high of $34.32 from November 2024. Investors who bought $1,000 worth of MarineMax’s shares 5 years ago would now be looking at an investment worth $701.12.
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