20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- MasterCraft Boat Holdings Inc (NASDAQ:MCFT) reported fourth-quarter FY22 sales growth of 40% year-on-year to $217.65 million, beating the consensus of $195.26 million.
- Gross profit jumped 48% Y/Y to $55 million and the gross margin expanded by 140 basis points Y/Y to 25.3%.
- The operating margin was 7.2%, and the operating income for the quarter was $15.8 million.
- The company held $34.2 million in cash and equivalents as of June 30, 2022.
- Adjusted EBITDA rose 65.6% Y/Y to $44.6 million. Adjusted EBITDA margin expanded 320 basis points to 20.5%, primarily due to higher net sales.
- Adjusted EPS of $1.77 beat the analyst consensus of $1.50.
- Outlook: For Q1 FY23, Mastercraft Boat expects sales of about $165 million versus the Street view of $164.51 million. It sees Q1 adjusted EPS of about $1.30 against the estimate of $1.03.
- The company sees FY23 sales of $580 million - $615 million, against the analyst consensus of $711.81 million.
- It expects FY23 adjusted EPS of $3.89 - $4.31 versus the consensus of $4.87.
- Price Action: MCFT shares are trading lower by 14.11% at $20.40 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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