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MasterCraft Boat Holdings Fiscal Q3 Results Top Street Estimates; Raises Fiscal 2021 Outlook

05/12/2021 05:06

09:06 AM EDT, 05/12/2021 (MT Newswires) -- MasterCraft Boat Holdings (MCFT) on Wednesday reported fiscal Q3 adjusted EPS of $1.01, compared with $0.46 reported last year. Analysts polled by Capital IQ had called for $0.70.

Revenue for the three months ended April 4 totaled $147.9 million, up from $102.6 million last year. Wall Street was looking for $138.9 million.

Looking ahead, the sports boat maker said that it is once again raising its guidance for fiscal 2021. The company now expects sales growth to be approaching 40%, and adjusted EPS growth up in the high 120% range. Analysts had forecast adjusted EPS of $2.65 versus $1.34 for fiscal 2020, and revenue of $503.6 million versus $363.1 million for fiscal 2020.

Previously, MasterCraft Boat anticipated adjusted EPS to grow nearly 100% in fiscal 2021 and sales to grow in the mid to high 30% range.

Shares of the company rose more than 2% in pre-bell trade.

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