OneSpaWorld Holdings First Quarter 2024 Earnings: Beats Expectations

OneSpaWorld Holdings (NASDAQ:OSW) First Quarter 2024 Results

Key Financial Results

• Revenue: US$211.2m (up 16% from 1Q 2023).
• Net income: US$21.2m (up from US$15.9m loss in 1Q 2023).
• Profit margin: 10.0% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$0.21 (up from US$0.17 loss in 1Q 2023).

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

OneSpaWorld Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 91%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are up 19% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for OneSpaWorld Holdings that you should be aware of.

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