OneWater Marine Second Quarter 2024 Earnings: Misses Expectations

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

Our analysis of these results suggests OneWater Marine may be undervalued based on 6 important criteria we look at. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.