Ferdja Ferdja.com delivers the latest news and relevant information across various domains including politics, economics, technology, culture, and more. Stay informed with our detailed articles and in-depth analyses.
Boat and marine merchandise retailer OneWater Marine (NASDAQ:ONEW) shall be reporting earnings tomorrow morning. Right here’s what to anticipate.
OneWater missed analysts’ income expectations by 11.2% final quarter, reporting revenues of $542.4 million, down 8.7% 12 months on 12 months. It was a disappointing quarter for the corporate, with underwhelming earnings steering for the total 12 months and a miss of analysts’ EBITDA estimates.
Is OneWater a purchase or promote going into earnings? Read our full analysis here, it’s free.
This quarter, analysts expect OneWater’s income to say no 6.9% 12 months on 12 months to $419.9 million, a reversal from the 13.4% enhance it recorded in the identical quarter final 12 months. Adjusted earnings are anticipated to return in at $0.15 per share.
Nearly all of analysts overlaying the corporate have reconfirmed their estimates during the last 30 days, suggesting they anticipate the enterprise to remain the course heading into earnings. OneWater has missed Wall Avenue’s income estimates six instances during the last two years.
OneWater’s friends within the automotive and marine retail section, some have already reported their Q3 outcomes, giving us a touch as to what we will anticipate. MarineMax’s revenues decreased 5.3% 12 months on 12 months, lacking analysts’ expectations by 2.4%, and Tenting World reported flat income, topping estimates by 5.4%. MarineMax traded down 3.4% following the outcomes whereas Tenting World was up 7.1%.
Learn our full evaluation of MarineMax’s results here and Camping World’s results here.
Buyers within the automotive and marine retail section have had regular arms going into earnings, with share costs flat during the last month. OneWater is up 1.4% throughout the identical time and is heading into earnings with a mean analyst value goal of $29.33 (in comparison with the present share value of $23.70).
Right here at StockStory, we definitely perceive the potential of thematic investing. Numerous winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) may all have been recognized as promising progress tales with a megatrend driving the expansion. So, in that spirit, we’ve recognized a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
