OneSpaWorld Expects Q4 Total Revenues, On Preliminary Basis, Of $193M-$198M (Est. $198.36M); Expects FY24 Total Revenues Of $850M-$870M (Est. $857.29M)
Portfolio Pulse from Benzinga Newsdesk
OneSpaWorld (OSW) has released preliminary Q4 total revenue estimates of $193M-$198M, slightly below the estimated $198.36M. For FY24, the company expects total revenues of $850M-$870M, which is within the range of the estimated $857.29M. Additionally, the company anticipates a 45% increase in revenues to $792M-$797M for fiscal 2022, up from $546.3M in the previous year.
January 08, 2024 | 12:36 pm
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OneSpaWorld's Q4 revenue forecast is slightly below expectations, while FY24 revenue guidance aligns with analyst estimates. The company also reports a significant revenue increase for fiscal 2022.
The Q4 revenue forecast being slightly below expectations may have a neutral to mildly negative short-term impact on OSW's stock price, as the difference is marginal. The FY24 revenue guidance being in line with estimates and the significant year-over-year growth could counterbalance any negative sentiment, suggesting a neutral short-term impact overall.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100