MCBC Holdings Inc

Consumer discretionary leisure products stocks reported strong fourth-quarter results, with aggregate revenues beating analyst consensus estimates by 5.2%. However, next quarter's revenue guidance came in 3.4% below expectations. Polaris reported revenues of $1.94 billion, up 9% year on year and exceeding estimates by 6.8%, but its full-year EPS guidance significantly missed expectations. Smith & Wesson was the best performer with revenues of $178.4 million, up 26.7% year on year and beating estimates by 14.9%. Ruger was the weakest, with revenues of $141.4 million, up 4.1% year on year, but it significantly missed EPS and adjusted operating income estimates. MasterCraft reported revenues of $78.21 million, up 3% year on year and beating estimates by 3.7%, while Brunswick reported revenues of $1.38 billion, up 12.8% year on year and beating estimates by 4.1%. Share prices of the tracked companies have been resilient, up 6.7% on average since the latest earnings results.

Zacks Equity Research has identified YETI Holdings, Malibu Boats, MasterCraft Boat Holdings and Escalade as attractive stocks within the Leisure and Recreation Products industry, which is benefiting from strong fitness product sales and growing consumer interest in active lifestyles. The industry currently holds a Zacks Industry Rank of 93, placing it in the top 38% of more than 247 Zacks industries, and trades at a forward 12-month price-to-earnings ratio of 17.69X compared with the S&P 500's 21.76X. Malibu Boats and MasterCraft Boat both carry a Zacks Rank of 1, or Strong Buy, while YETI Holdings and Escalade hold a Zacks Rank of 2, or Buy. Over the past year, YETI stock has soared 68.7%, Escalade has surged 32.3%, MasterCraft Boat has gained 27.9%, and Malibu Boats has declined 11.3%.