OneWater Marine to Announce Q1 Earnings on January 29
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Earnings Announcement: OneWater Marine is set to release its Q1 earnings on January 29 before market open, with a consensus EPS estimate of -$0.57, reflecting a 5.6% year-over-year decline, indicating ongoing profitability challenges.
- Revenue Expectations: The revenue estimate stands at $380.03 million, representing a modest 1.1% year-over-year increase, suggesting some market resilience that could lay the groundwork for future recovery despite the sluggish growth.
- Performance History: Over the past two years, OneWater Marine has only beaten EPS estimates 13% of the time and revenue estimates 38% of the time, highlighting persistent challenges in achieving profitability.
- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates, with five downward adjustments, while revenue estimates saw one upward revision and four downward, reflecting a cautious market outlook on the company's future performance.
Analyst Views on ONEW
About ONEW
OneWater Marine Inc. is a premium marine retailer in the United States. The Company operates a total of approximately 98 retail locations, nine distribution centers/warehouses and multiple online marketplaces in 19 different states. The Company's segments include Dealerships and Distribution. The Dealership segment is engaged in the sale of new and pre-owned boats (saltwater fishing boats, pontoon, runabout, wake/ski boats and yachts), arranges financing and insurance products, performs repairs and maintenance services, offers marine related parts and accessories and offers slip and storage accommodations in certain locations. The Distribution segment is engaged in the manufacturing, assembly and distribution primarily of marine-related products to distributors, big box retailers and online retailers through a network of warehouses and distribution centers. It offers a range of branded parts and accessories including jack plates, rigging parts, plumbing components and LED lighting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
