OneWater Marine Q2 2024 Adj EPS $0.67 Misses $0.68 Estimate, Sales $488.321M Miss $500.558M Estimate
Portfolio Pulse from Benzinga Newsdesk
OneWater Marine (NASDAQ:ONEW) reported Q2 2024 adjusted EPS of $0.67, missing the $0.68 estimate, and sales of $488.321M, missing the $500.558M estimate. This represents a 62.98% decrease in earnings and a 6.87% decrease in sales from the same period last year.
May 02, 2024 | 11:10 am
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OneWater Marine reported a significant miss in both earnings and sales for Q2 2024, with a notable decrease from the previous year.
Missing both EPS and sales estimates, especially with such a significant year-over-year decline, typically leads to negative investor sentiment and could result in a short-term decrease in stock price. The magnitude of the miss and the comparison to last year's performance are critical factors.
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