Malibu Boats, Inc. (NasdaqGM:MBUU) is scheduled to report Q1 earnings results before markets open for trading on November 6, 2020.
The company is expected to report earnings of $0.88/share on revenue of $178.9 million. The consensus earnings per share (EPS) of $0.88/share is based on a poll of 7 analysts and represents a growth in eps of 6.5% over the same quarter last year, when the company reported earnings of $0.83/share.
The revenue forecast of $178.9 million based on a poll of 7 analysts implies a year-over-year (YoY) growth in revenue of 4.0%. Last year the company reported $172.1 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Management has been great at managing analyst expectations historically. The company has a perfect record over the last 8 tracked quarters of exceeding earnings guidance.
What are your expectations from Malibu Boats, Inc. for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price did not react much to the update.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
|August 27, 2020||$55.50||$55.32||−0.3%||Decline|
|May 7, 2020||$34.12||$39.40||15.5%||Increase|
|February 6, 2020||$46.66||$47.56||1.9%||Increase|
|November 7, 2019||$33.72||$37.83||12.2%||Increase|
The other question to consider is one of earnings manipulation. There is a lot of pressure on management each quarter to deliver on earnings expectations. The Beneish M-Score is a statistical model that provides some insight into whether the company might be manipulating earnings. With a Beneish M-Score of −3.23, the model suggests that the company is not likely to be an earnings manipulator. A value of −3.23 implies a 0.1% chance of earnings manipulation.
Fundamentals And Technical Analysis
Malibu Boats, Inc. is currently trading at $50.83/share, down −3.3% for the day. The company is trading at approximately 79.6% of its 52-week high of $63.88/share. The company’s stock price is down −8.1% since the last earnings report and down −4.6% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 45.70 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 17.03 and a forward P/E multiple of 11.31.
Malibu Boats, Inc.’s current share price also implies a price-to-book (P/B) multiple of 4.26. The following table summarizes some other key fundamental ratios:
|Last Reported Fiscal Period Key||FY2020.Q4|
|Period End Date||June 30, 2020|
|Stock Price (Current)||$50.83|
|P/E Ratio (Fwd)||11.3x|
|Total Debt / Total Capital||8.1%|
|Levered Free Cash Flow||$52.85 million|
|EV / EBITDA||10.4x|
Malibu Boats, Inc. is a small-cap stock with a market capitalization of $1.049 billion and a total enterprise value of $1.121 billion. The company operates in the Consumer Discretionary sector and the Leisure Products industry.
Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Cobalt, and Pursuit. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Cobalt, and Pursuit brands. Its products are used for a range of recreational boating activities, including water sports, such as water skiing, wakeboarding, and wake surfing, as well as general recreational boating and fishing. It operates through a network of independent dealers in Europe, Asia, the Middle East, South America, South Africa, and Australia/New Zealand. The company was founded in 1982 and is based in Loudon, Tennessee.