Zacks Analyst Blog Highlights Pool Corp, Brunswick Corp, OneWater Marine and MasterCraft Boat Holdings
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For immediate release
Chicago, IL – February 24, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: Pool Corp. POOL, Brunswick Corp. BC, OneWater Marine, Inc. ONEW and MasterCraft Boat Holdings, Inc. MCFT.
Here are highlights from Wednesday’s analyst blog:
Test the Leisure and Hobby Waters with These 4 Stocks
Expectations for 2022 can be described as “mixed” at this time.
COVID continues to rise and fall, and new iterations of the virus can still upend plans. But growing immunity (through vaccination or infection) increases confidence in herd immunity to come sooner rather than later. So people are generally taking COVID in stride now. And that means they want more normalcy in their activities. Which is good for spending.
The only thing that can stop them is ever-increasing inflation which increases the cost of routine things like food and fuel.
Speaking of fuel, oil was short anyway and the Russian-Ukrainian situation may make matters worse. Prices should therefore remain high for some time now.
Automatic inventory issues may subside, but there still seems to be greater demand for the used category. Prices need to fall for this situation to change.
The supply chain is taking its time to recover.
The shortage of semiconductors persists, but the availability of key chips is increasing.
The Fed is heading for 6 to 7 rate hikes this year, which can only be bad news for the stock market. But the fear of hanging on led investors to sell off many stocks, leading to a major correction at the start of the year itself. As a result, many sectors are now trading below their intrinsic value.
Given all of the above and the fact that the economy remains so strong, it’s not a bad idea to bet on some consumer-facing stocks. Something like hobbies for example.
Stocks like Pool Corp., Brunswick Corp., OneWater Marine, Inc. and MasterCraft Boat Holdings, Inc. have seen their prices fall by 24.3%, 6.5%, 4.7% and 3.0% respectively over the past three months and are currently trading at reasonable to cheap valuations.
With boating season approaching and investors still largely focused on other things, now may be a good time to buy these hobby and leisure stocks (29% of Zacks-ranked industries, where the upper half exceeds the lower half by a factor of 2 to 1). The industry lost over 22% of its value in 2022 and is currently undervalued.
But as the season gets closer, those stocks are very likely to increase. Especially since their estimates have increased. For the current year,
Pool Corp’s revenue and profit are expected to rise 9.9% and 11.7% respectively, with further growth forecast for the following year. Over the past 30 days, the Zacks consensus estimate for Pool Corporation stock has risen 50 cents (3.0%). There is a regular history of exceeding estimates.
Brunswick’s revenue and profit are expected to increase 17.4% and 22.0%, respectively. Over the past 30 days, Brunswick Corporation’s earnings estimates for 2022 have risen 89 cents (9.7%). It has exceeded estimates in each of the past four quarters.
OneWater Marine revenue and profit are expected to increase by 37.9% and 19.5% respectively (year ending September). Current-year estimates are up 49 cents (6.3%) over the past 30 days. OneWater Marine’s average earnings surprise over the past four quarters is 59.0%.
MasterCraft’s revenue and profit are expected to grow 24.5% and 29.0%, respectively (year ending June). Current growth forecasts for the following year are 9.4% for revenues and 15.5% for profits. MasterCraft’s estimates for 2022 and 2023 are up: 20 cents (4.9%) and 36 cents (7.9%), respectively. It has exceeded estimates in each of the last four quarters at an average rate of 24.9%.
OneWater Marine has a Zacks #1 rank (Strong Buy) while Pool Corp., Brunswick Corp. and MasterCraft have Zacks rank #2 (buy).
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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. To visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.
This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
Free: See our best stock and our 4 finalists >>
Pool Corporation (POOL): Free Stock Analysis Report
Brunswick Corporation (BC): Free Share Analysis Report
MASTERCRAFT BOAT HOLDINGS, INC. (MCFT): Free Stock Analysis Report
OneWater Marine Inc. (ONEW): Free Stock Analysis Report
To read this article on Zacks.com, click here.
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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