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

OneWater Marine

30/07/2024 14:53

* OneWater Marine Inc  ONEW.OQ  reported quarterly adjusted
earnings of $1.05​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.95.  The mean expectation of eight analysts for the
quarter was for earnings of $2.12 per share. Wall Street
expected results to range from $1.83  to $2.28 per share.
    * Revenue fell 8.7% to $542.44 million from a year ago;
analysts
expected $608.02 million. 
    * OneWater Marine Inc's reported EPS for the quarter was 99
cents​.
    * The company reported quarterly net income of $14.68
million.
    * OneWater Marine Inc shares had risen by 10.5% this
quarter and
lost 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.8%
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," 3
"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 July 30 at
01:53 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
 Jun. 30 2024      2.12           1.05           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