OneWater Marine Q4 Adjusted EPS $0.42 Misses $0.58 Estimate, Sales $450.98M Beat $417.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
OneWater Marine Inc. (NASDAQ:ONEW) reported Q4 adjusted EPS of $0.42, missing the $0.58 estimate, a 75% decrease from $1.68 last year. Sales were $450.98M, surpassing the $417.50M estimate, up 13.45% from last year.
November 16, 2023 | 12:09 pm
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NEUTRAL IMPACT
OneWater Marine reported a significant earnings miss but exceeded sales estimates for Q4, with a decrease in EPS from last year but an increase in sales.
The earnings miss is likely to negatively impact investor sentiment in the short term, but the sales beat may offset some of the negative impact. The significant decrease in EPS year-over-year is concerning, but the increase in sales indicates growth, leading to a neutral short-term score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100