Compared to Estimates, OneWater Marine (ONEW) Q4 Earnings: A Look at Key Metrics

Core Viewpoint - OneWater Marine reported a significant decline in revenue and earnings per share (EPS) for the quarter ended September 2024, missing Wall Street expectations [1][3]. Financial Performance - Revenue for the quarter was $377.86 million, down 16.2% year-over-year, and below the Zacks Consensus Estimate of$ 417.8 million, resulting in a surprise of -9.56% [1]. - EPS for the quarter was - $0.36, compared to$ 0.42 a year ago, reflecting a surprise of -550.00% against the consensus estimate of $0.08 [1]. Revenue Breakdown - New boat revenue was$ 216.74 million, missing the average estimate of $241.85 million, and down 18% year-over-year [3]. - Service, parts & other revenue was$ 76.27 million, below the average estimate of $79.70 million, representing a decline of 6.7% year-over-year [3]. - Finance & insurance income was$ 11.47 million, compared to the estimated $12.70 million, marking a 12% decrease from the previous year [3]. - Pre-owned boat revenue was$ 73.37 million, significantly lower than the estimated $88.40 million, reflecting a 20.1% year-over-year decline [3]. Gross Profit Analysis - Gross profit from new boats was$ 35.40 million, below the average estimate of $41.05 million [3]. - Gross profit from service, parts & other was$ 29.72 million, compared to the average estimate of $31.90 million [3]. - Gross profit from finance & insurance income matched the revenue figure of$ 11.47 million, below the average estimate of $12.70 million [3]. - Gross profit from pre-owned boats was$ 14.06 million, compared to the estimated $17.20 million [3]. Stock Performance - Over the past month, OneWater Marine's shares returned +1.7%, while the Zacks S&P 500 composite increased by +3.1% [4]. - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4].