OneWater Marine (ONEW) Q4 Earnings Preview
Earnings Date: Tomorrow, before market open
Key Metrics to Watch:
* Revenue: Expected to decline 7.6% YoY to $336.4 million
* Adjusted Loss: Forecast to be -$0.84 per share
Recent Performance:
* Missed revenue expectations by 9.5% in Q3
* Full-year revenue guidance missed analyst estimates
Analyst Sentiment:
* Estimates have remained consistent over the past 30 days
* OneWater has missed Wall Street's revenue estimates six times in the past two years
Peer Comparisons:
* MarineMax: Revenue declined 11.2% YoY, missing estimates
* CarMax: Revenue increased 1.2%, exceeding estimates
Sector Outlook:
* Automotive and marine retail sector share prices have risen 1.8% over the past month
* OneWater has declined 7.3% during the same period
Analyst Price Target:
* $24.60, compared to the current share price of $16.11