OneWater Marine Inc reports results for the quarter ended in December - Earnings Summary

OneWater Marine

01/02/2024 14:33

* OneWater Marine Inc  ONEW.OQ  reported a quarterly
adjusted loss
of 38 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 61 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 27 cents per share. Wall Street
expected results to range from -41 cents to -5 cents per share.
    * Revenue fell 0.7% to $364.01 million from a year ago;
analysts
expected $364.59 million. 
    * OneWater Marine Inc's reported EPS for the quarter was a
loss
of 49 cents​.
    * The company reported a quarterly loss of $7.17 million.
    * OneWater Marine Inc shares had fallen by 25.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 377%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "buy"

Wall Street's median 12-month price target for OneWater Marine
Inc is $34.00 
This summary was machine generated from LSEG data February 1 at
02:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.27          -0.38          Missed
 Sep. 30 2023      0.58           0.42           Missed
 Jun. 30 2023      3.31           1.95           Missed
 Mar. 31 2023      1.54           1.56           Beat