OneWater Marine (ONEW) Reports Q4 Loss, Lags Revenue Estimates

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]