OneWater Marine Misses Q3 Earnings and Revenue Estimates
OneWater Marine (NASDAQ: ONEW) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.95 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -49.03%. A quarter ago, it was expected that this company would post earnings of $0.72 per share when it actually produced earnings of $0.67, delivering a surprise of -6.94%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
OneWater Marine, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $542.44 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 9.62%. This compares to year-ago revenues of $594.34 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
OneWater Marine shares have lost …
Full story available on Benzinga.com
