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

OneWater Marine

03/05/2024 19:16

* OneWater Marine Inc  ONEW.OQ  reported quarterly adjusted
earnings of 67 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of $1.56.  The mean expectation of seven analysts
for the quarter was for earnings of 68 cents per share. Wall
Street expected results to range from 60 cents to 73 cents per
share.
    * Revenue fell 6.9% to $488.32 million from a year ago;
analysts
expected $500.56 million. 
    * OneWater Marine Inc's reported EPS for the quarter was a
loss
of 27 cents​.
    * The company reported a quarterly loss of $3.97 million.
    * OneWater Marine Inc shares had fallen by 18.3% this
quarter and
lost 32.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $30.00 
This summary was machine generated from LSEG data May 3 at 06:16
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
 Mar. 31 2024      0.68           0.67           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