Boat and marine products retailer MarineMax (NYSE:HZO) will be reporting earnings tomorrow before market hours. Here’s what to expect.

MarineMax beat analysts’ revenue expectations by 5.2% last quarter, reporting revenues of $757.7 million, up 5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates and optimistic earnings guidance for the full year.

Is MarineMax a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting MarineMax’s revenue to decline 3% year on year to $576.9 million, a reversal from the 10.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MarineMax has missed Wall Street’s revenue estimates four times over the last two years.

Looking at MarineMax’s peers in the automotive and marine retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. CarMax posted flat year-on-year revenue, beating analysts’ expectations by 2.7%, and Camping World reported flat revenue, topping estimates by 5.4%. CarMax traded up 3.8% following the results while Camping World was also up 7.1%.

Read our full analysis of CarMax’s results here and Camping World’s results here.

Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the automotive and marine retail stocks have fared somewhat better, they have not been spared, with share prices down 3.6% on average over the last month. MarineMax is down 8.3% during the same time and is heading into earnings with an average analyst price target of $41.13 (compared to the current share price of $30.82).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.