HZO Stock: Over 9% Increase Pre-Market Explanation

By Amit Chowdhry ● April 22, 2021
  • The stock price of MarineMax Inc (NYSE: HZO) increased by over 9% pre-market. This is why it happened.

The stock price of MarineMax Inc (NYSE: HZO) – a company that operates as a recreational boat and yacht retailer in the U.S. – increased by over 9% pre-market. Investors are responding positively to MarineMax reporting its fiscal second quarter earnings of $38.9 million.

On a per share basis, MarineMax announced a net income of $1.69 — which was well ahead of Wall Street expectations. Analysts tracked by Zacks Investment Research were averaging earnings of $0.73 per share.

For the quarter, MarineMax reported revenue of $523.1 million, which was also well above analyst expectations. And MarineMax is expecting the full-year earnings to be between $5.50 and $5.65 per share.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.