OneWater Marine Reaffirms FY24 Outlook: EPS $3.25 - $3.75 Vs, $3.29 Estimate, Same-Store Sales Up Low-Mid Single Digits
Portfolio Pulse from Benzinga Newsdesk
OneWater Marine reaffirms its FY24 outlook, expecting same-store sales to increase by low to mid-single digits, with adjusted EBITDA between $130M-$155M and EPS in the range of $3.25-$3.75, aligning closely with the $3.29 EPS estimate.

May 02, 2024 | 11:26 am
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OneWater Marine reaffirms its FY24 financial guidance, projecting same-store sales growth and an EPS range of $3.25-$3.75, closely in line with analyst expectations.
Reaffirming financial guidance, especially when it aligns with or exceeds analyst expectations, typically instills confidence in investors and can lead to positive sentiment around the stock. Given that the EPS guidance closely matches the analyst estimate, this reaffirmation may bolster investor confidence in OneWater Marine's financial health and growth prospects, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100