MasterCraft Boat Holdings (MCFT) opened Q2 2026 with revenue of US$71.8 million and basic EPS of US$0.15, putting fresh numbers on the board for investors tracking the company’s earnings recovery story. Over the past six reported quarters, revenue has moved within a band of US$63.4 million to US$79.5 million, while basic EPS has ranged from roughly US$0.03 to US$0.33, giving a clear view of how the income statement has shifted through different demand conditions and product cycles. With trailing 12 month EPS at US$0.95 and net income of US$15.4 million, the latest quarter keeps the focus squarely on how well margins hold up from here.

With the headline numbers on the table, the next step is to see how this earnings print lines up with the dominant narratives around MasterCraft. Some long held views about growth, profitability, and risk may be confirmed, while others may be put to the test.

TTM EPS Near US$0.95 While Quarterly Profit Stays Positive

• On a trailing 12 month view, MasterCraft’s basic EPS sits at about US$0.95 on US$296.2 million of revenue, compared with single quarter EPS figures that have moved between roughly US$0.03 and US$0.33 over the last six reported quarters.
• What is interesting for a bullish view is that the business is profitable again over the last year, with TTM net income of US$15.4 million, yet quarterly EPS has been as low as about US$0.03 and is US$0.15 in Q2 2026. This keeps the focus on how steady that profitability can be:
  • Supporters who highlight the company’s return to profitability and forecast earnings growth of about 23.4% a year can point to the TTM EPS of roughly US$0.95 as evidence that recent profits are not just a one off quarter.
  • At the same time, critics of a bullish stance can point to the five year earnings history, which is described as having a compound figure of 20.1% a year in the wrong direction, to argue that the current profitable stretch still sits against a backdrop of weaker earlier performance.

Investors who want to see how this earnings profile fits into the wider story around growth, risks, and valuation can check out what other analysts are saying in the Curious how numbers become stories that shape markets? Explore Community Narratives.

Revenue Forecasts Trail Broader Market Growth

• Forecasts point to revenue growth of about 5.6% a year, which sits below the cited broader US market forecast of 10.3% a year, even though the trailing 12 month revenue base of roughly US$296.2 million is already supported by several quarters with sales between US$63.4 million and US$79.5 million.
• What challenges a fully bullish narrative here is the gap between expected earnings growth and slower revenue growth. This can raise questions about how much of the earnings story rests on factors other than top line expansion:
  • Supporters of the optimistic case may argue that forecast earnings growth of roughly 23.4% a year on a business already generating around US$296.2 million of annual revenue shows the potential for stronger profitability without needing rapid sales growth.
  • More cautious investors can point out that a 5.6% revenue growth forecast that trails the broader market, together with the historical five year earnings trend of 20.1% a year in the wrong direction, leaves less room for error if demand conditions become tougher than expected.

P/E Of 26x Versus DCF Fair Value And Peers

• MasterCraft is trading on a P/E of about 26x, which is slightly below the North American Leisure industry average of 26.8x. The share price of US$24.61 sits above the DCF fair value estimate of roughly US$20.47 and higher than the reported peer average P/E of 75.2x in reverse.
• What really tests a bullish valuation angle is how these numbers line up, because different benchmarks point in different directions:
  • On one side, investors who lean bullish on valuation can point out that the P/E is marginally below the leisure industry average, which some may read as not paying a premium multiple for the company’s forecast earnings growth of around 23.4% a year.
  • On the other, more bearish voices can highlight that the current share price of US$24.61 is above the DCF fair value of about US$20.47 and that the P/E screens higher than the peer average metric supplied, which together may make the stock look less appealing to investors who focus closely on model based valuation checks.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on MasterCraft Boat Holdings's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

Explore Alternatives

MasterCraft’s mix of slower forecast revenue growth, a higher P/E than its DCF fair value, and a backward looking earnings trend raises questions about downside risk.

If that combination feels a bit exposed for your taste, check out our 81 resilient stocks with low risk scores to quickly focus on companies where balance sheets and risk scores look more defensive.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.