Wrapping up Q4 earnings, we look at the numbers and key takeaways for the leisure products stocks, including MasterCraft (NASDAQ:MCFT) and its peers.

Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.

The 15 leisure products stocks we track reported a weaker Q4; on average, revenues beat analyst consensus estimates by 0.9%, while next quarter's revenue guidance was 11.6% below consensus. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and while some of the leisure products stocks have fared somewhat better than others, they collectively declined, with share prices falling 4.9% on average since the previous earnings results.

MasterCraft (NASDAQ:MCFT)

Started by a waterskiing instructor, MasterCraft (NASDAQ:MCFT) specializes in designing, manufacturing, and selling sport boats.

MasterCraft reported revenues of $99.48 million, down 37.5% year on year, topping analyst expectations by 4.1%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.

Fred Brightbill, Chief Executive Officer and Chairman, commented, “Our business performed well during the second quarter by exceeding previously issued guidance, despite continuing macroeconomic uncertainty and a highly competitive retail environment. Near-term, we remain focused on rebalancing dealer inventories with anticipated retail demand. As we anticipate moving beyond inventory rebalancing, we are prudently investing in targeted initiatives that will take advantage of the industry’s positive, underlying secular trends and accelerate our growth. Soon we will be launching a new pontoon brand built in our Crest facility. This new brand is an example of why we are confident in our ability to deliver long-term growth for our shareholders.”

The stock is up 4.6% since the results and currently trades at $21.06.

Is now the time to buy MasterCraft? Access our full analysis of the earnings results here, it's free.

Best Q4: Smith & Wesson (NASDAQ:SWBI)

With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.

Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.

The stock is up 24.1% since the results and currently trades at $16.68.

Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.

Clarus (NASDAQ:CLAR)

Initially a financial services business, Clarus (NASDAQ:CLAR) designs, manufactures, and distributes outdoor equipment and lifestyle products.

Clarus reported revenues of $76.5 million, up 3.6% year on year, falling short of analyst expectations by 8.7%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations and a miss of analysts' revenue estimates.

Clarus had the weakest performance against analyst estimates and weakest full-year guidance update in the group. The stock is up 15.6% since the results and currently trades at $6.09.

Read our full analysis of Clarus's results here.

Brunswick (NYSE:BC)

Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts.

Brunswick reported revenues of $1.36 billion, down 14% year on year, falling short of analyst expectations by 5.4%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.

The stock is up 5.4% since the results and currently trades at $84.92.

Read our full, actionable report on Brunswick here, it's free.

Harley-Davidson (NYSE:HOG)

Founded in 1903, Harley-Davidson (NYSE:HOG) is an American motorcycle manufacturer known for its heavyweight motorcycles designed for cruising on highways.

Harley-Davidson reported revenues of $1.05 billion, down 7.8% year on year, surpassing analyst expectations by 20.4%. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates. On the other hand, its number of motorcycle shipments unfortunately missed and its operating margin fell short of Wall Street's estimates.

Harley-Davidson scored the biggest analyst estimates beat among its peers. The stock is up 13.4% since the results and currently trades at $39.16.

Read our full, actionable report on Harley-Davidson here, it's free.

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