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Why MarineMax (HZO) Could Be Positioned for a Surge
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MarineMax, Inc. (HZO - Free Report) is the nation's largest recreational boat and yacht retailer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HZO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that MarineMax could be a solid choice for investors.
Current Quarter Estimates for HZO
In the past 30 days, two estimates have gone higher for MarineMax while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 58 cents a share 30 days ago, to 70 cents today, a move of 20.7%.
Current Year Estimates for HZO
Meanwhile, MarineMax’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.33 per share 30 days ago to $1.52 per share today, an increase of 14.3%.
The stock has also started to move higher lately, adding 6.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks to Soar Past the Pandemic: In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.
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Why MarineMax (HZO) Could Be Positioned for a Surge
MarineMax, Inc. (HZO - Free Report) is the nation's largest recreational boat and yacht retailer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HZO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that MarineMax could be a solid choice for investors.
Current Quarter Estimates for HZO
In the past 30 days, two estimates have gone higher for MarineMax while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 58 cents a share 30 days ago, to 70 cents today, a move of 20.7%.
Current Year Estimates for HZO
Meanwhile, MarineMax’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.33 per share 30 days ago to $1.52 per share today, an increase of 14.3%.
MarineMax, Inc. Price and Consensus
MarineMax, Inc. price-consensus-chart | MarineMax, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 6.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks to Soar Past the Pandemic: In addition to the companies you learned about above, we invite you to learn about 5 cutting-edge stocks that could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of the decade.
See the 5 high-tech stocks now>>