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Can MCBC Holdings (MCFT) Run Higher on Strong Earnings Estimate Revisions?

MCBC Holdings Inc. MCFT is a designer, manufacturer and marketer of recreational sport boats 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 MCFT'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 Caesars Entertainment could be a solid choice for investors.

Current Quarter Estimates for MCFT

In the past 30 days, 1 estimate has gone higher for MCBC Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 23 cents a share 30 days ago, to 27 cents today, a move of 17.4%.

Current Year Estimates for MCFT

Meanwhile, MCBC Holdings' current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, rebounding from a loss of 81 cents per share 30 days ago to 92 cents per share today, an increase of 13.58%.

Bottom Line

The stock has also started to move higher lately, adding 13.81% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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