OneWater Marine (NASDAQ:ONEW) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$488.3m (down 6.9% from 2Q 2023).

• Net loss: US$3.97m (down by 117% from US$22.8m profit in 2Q 2023).

• US$0.27 loss per share (down from US$1.59 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

OneWater Marine Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 9.7% from a week ago.

Valuation

It's possible that OneWater Marine could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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