OneWater(ONEW)
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OneWater Marine (ONEW) Reports Q4 Loss, Lags Revenue Estimates
ZACKS· 2024-11-14 14:36
Company Performance - OneWater Marine reported a quarterly loss of $0.36 per share, significantly missing the Zacks Consensus Estimate of $0.08, and down from earnings of $0.42 per share a year ago, representing an earnings surprise of -550% [1] - The company posted revenues of $377.86 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 9.56%, and down from $450.98 million in the same quarter last year [2] - Over the last four quarters, OneWater Marine has not surpassed consensus EPS or revenue estimates [2] Stock Performance - OneWater Marine shares have declined approximately 29.9% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.56 on revenues of $354.3 million, while for the current fiscal year, it is $2.55 on revenues of $1.89 billion [7] Industry Outlook - The Leisure and Recreation Products industry, to which OneWater Marine belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact OneWater Marine's stock performance [5]
OneWater Marine (ONEW) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-11-11 15:15
The upcoming report from OneWater Marine (ONEW) is expected to reveal quarterly earnings of $0.08 per share, indicating a decline of 81% compared to the year-ago period. Analysts forecast revenues of $417.8 million, representing a decrease of 7.4% year over year.The consensus EPS estimate for the quarter has been revised 12% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to ...
Earnings Preview: OneWater Marine (ONEW) Q4 Earnings Expected to Decline
ZACKS· 2024-11-07 16:00
Wall Street expects a year-over-year decline in earnings on lower revenues when OneWater Marine (ONEW) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 14, 2024, might help the stock move higher if these key numbers are better t ...
Strength Seen in OneWater Marine (ONEW): Can Its 10.1% Jump Turn into More Strength?
ZACKS· 2024-11-07 11:26
OneWater Marine (ONEW) shares rallied 10.1% in the last trading session to close at $25.81. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11% gain over the past four weeks.OneWater’s stock rally is driven by optimism regarding the company’s proactive cost-cutting measures and strategic inventory reductions. This, along with a promising M&A pipeline, adds confidence to the company’s strategy for fiscal 2025 ...
Why OneWater Marine Stock Ran Aground Tuesday
The Motley Fool· 2024-07-30 17:10
Shares of recreational boat and yacht retailer OneWater Marine (ONEW -15.76%) fell 14.1% through 12:30 p.m. ET Tuesday after badly underperforming analyst forecasts for the company's fiscal Q3 2024. OneWater Marine Q3 earnings Management put the best spin it could on the results. While sales declined 9% year over year, for example, CEO Austin Singleton pointed out that OneWater suffered "severe weather impact in Texas" and still "significantly" outperformed the rest of the recreational boating industry. Is ...
OneWater Marine (ONEW) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-07-30 13:25
OneWater Marine (ONEW) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -49.03%. A quarter ago, it was expected that this company would post earnings of $0.72 per share when it actually produced earnings of $0.67, delivering a surprise of -6.94%. Over the last four quarters, the compa ...
OneWater(ONEW) - 2024 Q3 - Quarterly Results
2024-07-30 11:03
♀NEW ∧ TER | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------|-------------|-------------------------------|-----------------------------|------------| | For the Three Months Ended June 30 \nRevenues | | 2024 | 2023 \n(unaudited, $ in | $ Change \n thousands) | % Change | | New boat | $ | 333,162 $ | 371,645 $ | (38,483) | (10.4)% | | Pre-owned boat | | 106,889 | 111,469 | (4,580) | (4.1)% | | Finance & insurance income | | 17,932 | 19,028 | (1,096) ...
OneWater Marine Inc. Announces Fiscal Third Quarter 2024 Earnings Release Date and Conference Call Information
Newsfilter· 2024-07-16 11:00
BUFORD, Ga., July 16, 2024 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (the "Company" or "OneWater") announced today that it will release its third quarter 2024 financial results on Tuesday, July 30th, 2024, before the market opens. Following the release, the Company's management team will host a conference call to discuss the results at 8:30 a.m. Eastern Time that day. To access via phone, participants can use the dial in below: Event: OneWater Marine Inc. Fiscal Third Quarter 2024 Conference C ...
OneWater Marine Inc. Announces Fiscal Third Quarter 2024 Earnings Release Date and Conference Call Information
GlobeNewswire News Room· 2024-07-16 11:00
BUFORD, Ga., July 16, 2024 (GLOBE NEWSWIRE) -- OneWater Marine Inc. (NASDAQ: ONEW) (the "Company" or "OneWater") announced today that it will release its third quarter 2024 financial results on Tuesday, July 30th, 2024, before the market opens. Following the release, the Company's management team will host a conference call to discuss the results at 8:30 a.m. Eastern Time that day. To access via phone, participants can use the dial in below: Event: OneWater Marine Inc. Fiscal Third Quarter 2024 Conference C ...
OneWater(ONEW) - 2024 Q2 - Quarterly Report
2024-05-03 20:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-392 ...