Savvy Trades and Investments

[researcher59]

MCFT -2.50 to 15.75 in pre-market after a modest earnings beat, but 2020 guidance is mildly disappointing .... June Q4 adj EPS of $0.85 and FY19 adj EPS of $2.81. Guidance implies adj EPS of roughly $2.58 for 2020 due to a much anticipated cyclical sector slowdown in recreational watercraft.

briefing -

MasterCraft beats by $0.04, misses on revs; issues light FY20 guidance (18.25 ) :
Reports Q4 (Jun) earnings of $0.85 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.81; revenues rose 28.7% year/year to $122.81 mln vs the $126.21 mln S&P Capital IQ Consensus.
FY20 Outlook:
Net Sales -- down low-single digit percent (vs. estimates for +10%)
Adjusted EBITDA Margin -- down 50 to 100 basis points
Adjusted Earnings per Share -- down high-single digit percent (vs. estimates for +7%)