OneWater Marine Q3 Adj $1.05 Misses $2.12 Estimate, Sales $542.44M Miss $609.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
OneWater Marine (NASDAQ:ONEW) reported Q3 earnings of $1.05 per share, missing the analyst estimate of $2.12 by 50.47%. Sales were $542.44M, below the $609.38M estimate and down 8.73% from last year.
July 30, 2024 | 11:06 am
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OneWater Marine reported Q3 earnings of $1.05 per share, significantly missing the analyst estimate of $2.12. Sales were also below expectations at $542.44M, down 8.73% from the same period last year.
The significant miss on both earnings and sales compared to analyst estimates is likely to negatively impact OneWater Marine's stock price in the short term. The earnings per share were down 46.15% from the same period last year, and sales were down 8.73%, indicating potential underlying issues.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100